Taseko Mines (TSE:TKO) Sets New 12-Month Low - Time to Sell?

Shares of Taseko Mines Ltd. (TSE:TKO - Get Free Report) hit a new 52-week low during trading on Friday . The company traded as low as C$2.56 and last traded at C$2.56, with a volume of 735213 shares trading hands. The stock had previously closed at C$2.89.

Wall Street Analyst Weigh In

Separately, National Bankshares lifted their price objective on shares of Taseko Mines from C$4.25 to C$4.50 and gave the company an "outperform" rating in a research note on Wednesday, April 2nd.

Taseko Mines Stock Up 14.4 %

The company has a 50-day moving average price of C$3.06 and a two-hundred day moving average price of C$3.06. The stock has a market capitalization of C$843.63 million, a P/E ratio of 10.87 and a beta of 1.92.

Insider Buying and Selling

In other Taseko Mines news, Director Kenneth William Pickering bought 15,000 shares of Taseko Mines stock in a transaction that occurred on Friday, March 28th. The stock was acquired at an average cost of C$3.25 per share, for a total transaction of C$48,750.00. Also, Director Russell Edward Hallbauer sold 50,000 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of C$3.26, for a total value of C$162,875.00. 2.58% of the stock is currently owned by insiders.

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.