Taseko Mines (TSE:TKO) Hits New 12-Month Low – What’s Next?

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

Wall Street Analyst Weigh In

A number of research firms recently commented on TKO. National Bank Financial upgraded shares of Taseko Mines from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. National Bankshares lifted their price objective on shares of Taseko Mines from C$4.25 to C$4.50 and gave the stock an “outperform” rating in a research note on Wednesday.

Taseko Mines Price Performance

The firm has a market capitalization of C$789.00 million, a price-to-earnings ratio of 10.17 and a beta of 1.92. The business has a fifty day moving average price of C$3.08 and a two-hundred day moving average price of C$3.07.

Insider Transactions at Taseko Mines

In related news, Director Anu Dhir acquired 44,000 shares of Taseko Mines stock in a transaction on Monday, January 13th. The stock was bought at an average cost of C$0.72 per share, for a total transaction of C$31,680.00. Also, Director Russell Edward Hallbauer sold 50,000 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of C$1.23, for a total transaction of C$61,500.00. Corporate 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.