Taseko Mines Ltd (TKO) Reaches New 52-Week High at $2.89

Shares of Taseko Mines Ltd (TSE:TKO) (NYSE:TGB) hit a new 52-week high during trading on Monday . The company traded as high as C$2.89 and last traded at C$2.85, with a volume of 661,242 shares trading hands. The stock had previously closed at C$2.75.

A number of analysts have commented on the stock. BMO Capital Markets increased their price target on shares of Taseko Mines from C$2.20 to C$2.30 in a research note on Tuesday, September 26th. TD Securities raised their target price on shares of Taseko Mines from C$1.90 to C$2.25 in a research note on Tuesday, September 26th. Scotiabank cut their target price on shares of Taseko Mines from C$1.70 to C$1.50 and set an “underperform” rating for the company in a research note on Friday, August 4th. Finally, National Bank Financial cut their target price on shares of Taseko Mines from C$2.20 to C$2.10 and set a “sector perform” rating for the company in a research note on Monday, July 24th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Taseko Mines currently has an average rating of “Hold” and an average price target of C$1.78.

The stock has a 50 day moving average price of $2.38 and a 200-day moving average price of $1.87. The company has a market capitalization of $660.59 million and a P/E ratio of 58.40.

In related news, insider John Mcmanus sold 50,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of C$2.20, for a total value of C$110,000.00. Also, Director Alexander Morrison sold 88,000 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of C$2.28, for a total transaction of C$200,640.00. Insiders sold a total of 249,000 shares of company stock worth $562,890 over the last three months.

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A number of analysts have commented on the stock. BMO Capital Markets increased their price target on shares of Taseko Mines from C$2.20 to C$2.30 in a research note on Tuesday, September 26th. TD Securities raised their target price on shares of Taseko Mines from C$1.90 to C$2.25 in a research note on Tuesday, September 26th. Scotiabank cut their target price on shares of Taseko Mines from C$1.70 to C$1.50 and set an “underperform” rating for the company in a research note on Friday, August 4th. Finally, National Bank Financial cut their target price on shares of Taseko Mines from C$2.20 to C$2.10 and set a “sector perform” rating for the company in a research note on Monday, July 24th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Taseko Mines currently has an average rating of “Hold” and an average price target of C$1.78.

The stock has a 50 day moving average price of $2.38 and a 200-day moving average price of $1.87. The company has a market capitalization of $660.59 million and a P/E ratio of 58.40.

In related news, insider John Mcmanus sold 50,000 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of C$2.20, for a total value of C$110,000.00. Also, Director Alexander Morrison sold 88,000 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of C$2.28, for a total transaction of C$200,640.00. Insiders sold a total of 249,000 shares of company stock worth $562,890 over the last three months.

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About Taseko Mines

Taseko Mines Limited is a mining company. The Company 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. Its projects represent a range of metals, including gold, copper and niobium.

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