Taseko Mines (TSE:TKO) Given New C$4.50 Price Target at National Bankshares

Taseko Mines (TSE:TKO - Free Report) had its price target lifted by National Bankshares from C$4.25 to C$4.50 in a research note published on Wednesday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Separately, National Bank Financial raised Taseko Mines from a "hold" rating to a "strong-buy" rating in a report on Monday, December 9th.

Taseko Mines Stock Performance

Shares of TSE:TKO traded down C$0.08 during trading on Wednesday, reaching C$2.52. 1,596,175 shares of the stock traded hands, compared to its average volume of 574,508. Taseko Mines has a 52-week low of C$2.45 and a 52-week high of C$4.20. The stock has a market cap of C$764.72 million, a P/E ratio of 9.86 and a beta of 1.92. The stock has a 50-day moving average of C$3.08 and a two-hundred day moving average of C$3.07.

Insider Activity

In other Taseko Mines news, Director Anu Dhir purchased 44,000 shares of the company's stock in a transaction dated Monday, January 13th. The shares were acquired at an average price of C$0.72 per share, for a total transaction of C$31,680.00. Also, Director Kenneth William Pickering bought 15,000 shares of the firm's stock in a transaction that occurred on Friday, March 28th. The stock was bought at an average cost of C$3.25 per share, for a total transaction of C$48,750.00. Insiders own 2.58% of the company's stock.

About Taseko Mines

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.