Taseko Mines (TKO) Sets New 1-Year High at $1.80

Taseko Mines Ltd (TSE:TKO) (NYSE:TGB) reached a new 52-week high during trading on Monday . The stock traded as high as C$1.80 and last traded at C$1.70, with a volume of 171060 shares traded. The stock had previously closed at C$1.70.

TKO has been the subject of several research analyst reports. National Bank Financial upgraded Taseko Mines from a “sector perform” rating to an “outperform” rating and reduced their price objective for the stock from C$3.00 to C$2.75 in a report on Tuesday, April 10th. TD Securities reduced their price objective on Taseko Mines from C$2.25 to C$2.00 and set a “hold” rating for the company in a report on Friday, May 4th. Scotiabank set a C$1.50 price objective on Taseko Mines and gave the stock a “sector perform” rating in a report on Friday, May 4th. Paradigm Capital reduced their price objective on Taseko Mines from C$2.60 to C$2.30 in a report on Friday, February 23rd. Finally, BMO Capital Markets reduced their price objective on Taseko Mines from C$3.25 to C$2.80 in a report on Friday, February 23rd.

In other Taseko Mines news, Director Robert Allan Dickinson sold 87,868 shares of the business’s stock in a transaction dated Tuesday, May 29th. The stock was sold at an average price of C$1.37, for a total transaction of C$120,379.16. Also, Director Russell Edward Hallbauer purchased 37,300 shares of the business’s stock in a transaction on Friday, May 4th. The shares were purchased at an average price of C$1.42 per share, with a total value of C$52,966.00.

Taseko Mines Company Profile

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties in Canada and the United States. The company explores for copper, molybdenum, gold, niobium, and silver deposits. It holds a 75% interest in the Gibraltar copper-molybdenum mine located in south-central British Columbia.

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