National Bankshares Issues Positive Forecast for Taseko Mines (TSE:TKO) Stock Price

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

Separately, National Bank Financial upgraded shares of Taseko Mines from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th.

Taseko Mines Trading Down 1.8 %

Shares of TKO stock opened at C$3.20 on Wednesday. Taseko Mines has a 1 year low of C$2.56 and a 1 year high of C$4.20. The firm’s 50 day moving average is C$3.08 and its 200-day moving average is C$3.07. The firm has a market capitalization of C$971.08 million, a price-to-earnings ratio of 12.52 and a beta of 1.92.

Insider Activity

In related news, Director Anu Dhir acquired 44,000 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was bought at an average price of C$0.72 per share, with a total value of C$31,680.00. Also, Director Russell Edward Hallbauer sold 50,000 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of C$3.26, for a total transaction of C$162,875.00. 2.58% of the stock is currently owned by company 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.