Taseko Mines (TSE:TKO) Hits New 12-Month High - What's Next?
Taseko Mines (TSE:TKO) reached a new 52-week high at C$6.82, with analysts upgrading its rating to 'Buy'. The stock has an average rating of 'Buy' and a price target of C$6.33. Insider sales have occurred, with 2.58% of the stock owned by insiders. The company reported C$0.02 EPS and C$173.91 million revenue last quarter. Analysts expect 0.2801932 EPS for the fiscal year.
Taseko Mines Ltd. (TSE:TKO - Get Free Report)'s share price reached a new 52-week high on Wednesday . The stock traded as high as C$6.82 and last traded at C$6.82, with a volume of 234581 shares changing hands. The stock had previously closed at C$6.41.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on TKO. TD Securities raised Taseko Mines from a "hold" rating to a "buy" rating and lifted their price target for the stock from C$5.00 to C$6.50 in a research note on Thursday, October 23rd. National Bankshares raised their target price on shares of Taseko Mines from C$6.25 to C$7.25 in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of C$6.33.
Read Our Latest Research Report on Taseko Mines
Taseko Mines Stock Performance
The business has a 50-day moving average of C$5.91 and a 200 day moving average of C$4.76. The stock has a market cap of C$2.51 billion, a PE ratio of -36.68 and a beta of 1.88.
Taseko Mines (TSE:TKO - Get Free Report) last released its quarterly earnings results on Thursday, November 13th. The company reported C$0.02 earnings per share (EPS) for the quarter. The company had revenue of C$173.91 million for the quarter. Taseko Mines had a net margin of 12.69% and a return on equity of 16.33%. Equities analysts expect that Taseko Mines Ltd. will post 0.2801932 EPS for the current fiscal year.
Insider Activity at Taseko Mines
In other news, Director Russell Edward Hallbauer sold 30,000 shares of the firm's stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of C$5.89, for a total transaction of C$176,700.00. Following the sale, the director owned 1,802,750 shares in the company, valued at C$10,618,197.50. This trade represents a 1.64% decrease in their ownership of the stock. Also, insider Robert John Rotzinger sold 150,000 shares of Taseko Mines stock in a transaction on Thursday, September 18th. The shares were sold at an average price of C$5.07, for a total value of C$759,750.00. Following the completion of the sale, the insider directly owned 131,958 shares of the company's stock, valued at approximately C$668,367.27. This represents a 53.20% decrease in their position. Insiders sold a total of 184,500 shares of company stock valued at $963,000 over the last ninety days. 2.58% of the stock is owned by corporate insiders.
Taseko Mines Company Profile
(Get Free Report)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.
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