Taseko Mines (TSE:TKO) Stock Price Down 4.8% – Should You Sell?

Taseko Mines Ltd. (TSE:TKO)’s stock price fell 4.8% on Wednesday . The company traded as low as C$8.92 and last traded at C$9.05. 958,448 shares traded hands during trading, a decline of 29% from the average daily volume of 1,356,409 shares. The stock had previously closed at C$9.51.

Taseko Mines Stock Down 4.8%

The company has a market capitalization of C$3.31 billion, a PE ratio of 181.00 and a beta of 1.87. The company’s 50 day moving average is C$9.99 and its two-hundred day moving average is C$9.61.

Taseko Mines (TSE:TKO) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$0.08 EPS for the quarter. Taseko Mines had a net margin of 2.00% and a return on equity of 2.27%. The business had revenue of C$237.09 million for the quarter. Analysts forecast that Taseko Mines Ltd. will post 0.2801932 EPS for the current year.

Insider Transactions at Taseko Mines

In other news, insider Brian Lee Bergot sold 82,000 shares of Taseko Mines stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of C$11.34, for a total value of C$929,880.00. Following the sale, the insider directly owned 211,811 shares of the company’s stock, valued at approximately C$2,401,936.74. The trade was a 27.91% decrease in their ownership of the stock. Also, insider Terry James Morris bought 11,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average price of C$8.97 per share, for a total transaction of C$98,670.00. Following the completion of the transaction, the insider directly owned 11,000 shares of the company’s stock, valued at C$98,670. This represents a ∞ increase in their position. Over the last three months, insiders have bought 93,000 shares of company stock valued at $325,590. 2.58% of the stock is currently owned by insiders.

Taseko Mines Company Profile

Taseko Mines Ltd is a Canadian mining company. It is principally engaged in the production and sale of metals, as well as related activities, including exploration and mine development, within the province of British Columbia, Canada, and the State of Arizona, the United States. The Gibraltar, Aley, New Prosperity, and Harmony properties are located in British Columbia whereas Florence copper is in central Arizona.