National Bankshares Boosts Taseko Mines (TSE:TKO) Price Target to C$7.25

Key Points

• National Bankshares has increased the price target for Taseko Mines (TSE:TKO) from C$6.25 to C$7.25, suggesting an 18.27% potential upside.
• Taseko Mines' market capitalization stands at C$1.94 billion, with a current price of C$6.13 after a trading increase of C$0.34.
• Insider trading activity included the sale of 150,000 shares by Robert John Rotzinger, while Director Russell Edward Hallbauer purchased 20,000 shares, indicating mixed insider sentiment.

Taseko Mines (TSE:TKO - Get Free Report) had its target price increased by stock analysts at National Bankshares from C$6.25 to C$7.25 in a research report issued on Wednesday,BayStreet.CA reports. National Bankshares' price objective indicates a potential upside of 18.27% from the company's current price.

TKO has been the topic of several other reports. Paradigm Capital lifted their price target on Taseko Mines from C$4.50 to C$5.25 and gave the company a "buy" rating in a research report on Monday, July 7th. TD Securities cut Taseko Mines from a "strong-buy" rating to a "hold" rating and lifted their price objective for the company from C$3.50 to C$5.00 in a research note on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Taseko Mines presently has a consensus rating of "Buy" and a consensus price target of C$5.83.

Taseko Mines Stock Performance

TKO traded up C$0.34 on Wednesday, hitting C$6.13. 958,322 shares of the company were exchanged, compared to its average volume of 614,142. The firm has a fifty day simple moving average of C$4.81 and a two-hundred day simple moving average of C$3.98. Taseko Mines has a 12 month low of C$2.38 and a 12 month high of C$6.17. The stock has a market capitalization of C$1.94 billion, a PE ratio of -61.30 and a beta of 1.74.

Insiders Place Their Bets

In other news, insider Robert John Rotzinger sold 150,000 shares of the business's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of C$5.07, for a total value of C$759,750.00. Following the completion of the transaction, the insider owned 131,958 shares in the company, valued at C$668,367.27. The trade was a 53.20% decrease in their ownership of the stock. Also, Director Russell Edward Hallbauer purchased 20,000 shares of the firm's stock in a transaction dated Thursday, July 10th. The stock was acquired at an average price of C$4.70 per share, with a total value of C$94,000.00. Insiders have sold 234,000 shares of company stock worth $1,170,890 over the last three months. Company insiders own 2.58% of the company's stock.

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.

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