Taseko Mines (TSE:TKO) Stock Price Down 4.8% – Time to Sell?

Taseko Mines Ltd. (TSE:TKO)’s stock price fell 4.8% during mid-day trading on Wednesday . The company traded as low as C$8.92 and last traded at C$9.05. Approximately 958,448 shares were traded during trading, a decline of 29% from the average daily volume of 1,356,409 shares. The stock had previously closed at C$9.51.

Taseko Mines Price Performance

The firm’s 50 day moving average is C$9.96 and its 200 day moving average is C$9.63. The company has a market capitalization of C$3.34 billion, a PE ratio of 182.80 and a beta of 1.87.

Taseko Mines (TSE:TKO) last posted its earnings results on Wednesday, May 6th. The company reported C$0.08 earnings per share for the quarter. The company had revenue of C$237.09 million during the quarter. Taseko Mines had a net margin of 2.00% and a return on equity of 2.27%. As a group, analysts predict that Taseko Mines Ltd. will post 0.2801932 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Brian Lee Bergot sold 82,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of C$11.34, for a total value of C$929,880.00. Following the completion of the transaction, the insider owned 211,811 shares in the company, valued at C$2,401,936.74. This trade represents a 27.91% decrease in their position. Also, insider Bryce Hamming sold 50,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of C$11.00, for a total value of C$550,000.00. Following the transaction, the insider directly owned 120,000 shares of the company’s stock, valued at C$1,320,000. This represents a 29.41% decrease in their position. In the last ninety days, insiders purchased 93,000 shares of company stock worth $325,590. 2.58% of the stock is currently owned by corporate insiders.

About Taseko Mines

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.