Taseko Mines (TSE:TKO) Trading Up 2.5% - Here's Why

Taseko Mines Ltd. (TSE:TKO - Get Free Report)'s stock price was up 2.5% during mid-day trading on Wednesday . The stock traded as high as C$2.51 and last traded at C$2.49. Approximately 257,554 shares were traded during trading, a decline of 56% from the average daily volume of 580,812 shares. The stock had previously closed at C$2.43.

Analyst Ratings Changes

Separately, National Bankshares raised their target price on Taseko Mines from C$4.25 to C$4.50 and gave the stock an "outperform" rating in a research report on Wednesday, April 2nd.

Taseko Mines Price Performance

The firm's fifty day moving average is C$3.07 and its 200 day moving average is C$3.04. The firm has a market capitalization of C$873.97 million, a price-to-earnings ratio of 11.26 and a beta of 1.92.

Insider Buying and Selling at Taseko Mines

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

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.