Terry James Morris Buys 11,000 Shares of Taseko Mines (TSE:TKO) Stock

Taseko Mines Ltd. (TSE:TKO) insider Terry James Morris purchased 11,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average cost of C$8.97 per share, for a total transaction of C$98,670.00. Following the completion of the transaction, the insider owned 11,000 shares of the company’s stock, valued at C$98,670. This trade represents a ? increase in their position.

Taseko Mines Stock Performance

TSE:TKO opened at C$9.10 on Friday. Taseko Mines Ltd. has a 52 week low of C$2.84 and a 52 week high of C$12.47. The firm has a market cap of C$3.33 billion, a price-to-earnings ratio of 182.00 and a beta of 2.22. The firm’s 50-day simple moving average is C$9.51 and its 200 day simple moving average is C$9.02.

Taseko Mines (TSE:TKO) last released its quarterly earnings results on Wednesday, February 18th. The company reported C$0.02 EPS for the quarter. Taseko Mines had a net margin of 2.00% and a return on equity of 2.27%. The business had revenue of C$243.77 million for the quarter. Sell-side analysts anticipate that Taseko Mines Ltd. will post 0.2801932 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on TKO shares. TD Securities raised their price target on shares of Taseko Mines from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. National Bank Financial decreased their target price on shares of Taseko Mines from C$13.50 to C$12.75 and set an “outperform” rating on the stock in a report on Friday, February 20th. Finally, Canaccord Genuity Group raised their target price on shares of Taseko Mines from C$12.75 to C$13.50 and gave the company a “buy” rating in a report on Friday, February 20th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$11.13.

Taseko Mines Company Profile

Taseko Mines Ltd is a Canadian mining company. It is principally engaged in the production and sale of metals, as well as related activities, including exploration and mine development, within the province of British Columbia, Canada, and the State of Arizona, the United States. The Gibraltar, Aley, New Prosperity, and Harmony properties are located in British Columbia whereas Florence copper is in central Arizona.