Insider Selling: Taseko Mines Ltd. (TSE:TKO) Director Sells 50,000 Shares of Stock

Taseko Mines Ltd. (TSE:TKO - Get Free Report) Director Russell Edward Hallbauer sold 50,000 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of C$3.26, for a total transaction of C$162,875.00.

Taseko Mines Price Performance

TSE TKO traded down C$0.04 on Friday, hitting C$3.00. 1,113,244 shares of the company were exchanged, compared to its average volume of 508,454. The company's 50 day moving average price is C$2.94 and its 200-day moving average price is C$3.01. The firm has a market capitalization of C$910.39 million, a P/E ratio of 11.73 and a beta of 1.92. Taseko Mines Ltd. has a twelve month low of C$2.24 and a twelve month high of C$4.20.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TKO shares. National Bank Financial raised shares of Taseko Mines from a "hold" rating to a "strong-buy" rating in a report on Monday, December 9th. National Bankshares upgraded Taseko Mines from a "sector perform" rating to an "outperform" rating and cut their price objective for the stock from C$4.50 to C$4.25 in a report on Tuesday, December 10th.

Taseko Mines Company Profile

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. It explores for copper, molybdenum, gold, niobium, and silver deposits. The company's principal asset comprises 100% interest owned the Gibraltar mine located in British Columbia. It also holds interest in the Yellowhead copper project, the Aley niobium project, and the New Prosperity gold and copper project located in British Columbia; and the Florence copper project located in Arizona.