Insider Buying: Taseko Mines Ltd. (TSE:TKO) Director Acquires 15,000 Shares of Stock

Taseko Mines Ltd. (TSE:TKO) Director Kenneth William Pickering acquired 15,000 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The stock was purchased at an average price of C$3.25 per share, for a total transaction of C$48,750.00.

Taseko Mines Price Performance

Shares of TKO stock traded down C$0.05 during trading on Monday, reaching C$2.55. The company had a trading volume of 1,107,647 shares, compared to its average volume of 561,196. The company has a market capitalization of C$773.83 million, a PE ratio of 9.97 and a beta of 1.92. The firm’s 50 day simple moving average is C$3.08 and its two-hundred day simple moving average is C$3.07. Taseko Mines Ltd. has a one year low of C$2.45 and a one year high of C$4.20.

Wall Street Analyst Weigh In

TKO has been the topic of several analyst reports. National Bankshares increased their price target 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, April 2nd. National Bank Financial upgraded shares of Taseko Mines from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th.

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.