Robert John Rotzinger Sells 150,000 Shares of Taseko Mines (TSE:TKO) Stock

Key Points

• Robert John Rotzinger sold 150,000 shares of Taseko Mines at an average price of C$5.07, reducing his position by 53.20%.
• After the sale, Rotzinger retained 131,958 shares valued at approximately C$668,367.27.
• Taseko Mines currently has a consensus rating of "Buy" with a price target of C$5.17 from analysts.

Taseko Mines Ltd. (TSE:TKO - Get Free Report) insider Robert John Rotzinger sold 150,000 shares of the company's stock in a transaction dated 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 directly owned 131,958 shares of the company's stock, valued at approximately C$668,367.27. This trade represents a 53.20% decrease in their position.

Taseko Mines Price Performance

Shares of TSE TKO traded up C$0.12 during mid-day trading on Friday, reaching C$5.17. The company's stock had a trading volume of 414,283 shares, compared to its average volume of 592,907. The stock has a fifty day moving average of C$4.55 and a two-hundred day moving average of C$3.76. Taseko Mines Ltd. has a 52 week low of C$2.38 and a 52 week high of C$5.19. The firm has a market capitalization of C$1.64 billion, a PE ratio of -51.70 and a beta of 1.31.

Analyst Ratings Changes

A number of equities analysts recently commented on TKO shares. National Bankshares increased their price target on Taseko Mines from C$4.50 to C$5.25 and gave the company an "outperform" rating in a research note on Tuesday, June 24th. Paradigm Capital increased their price target on Taseko Mines from C$4.50 to C$5.25 and gave the company a "buy" rating in a research note on Monday, July 7th. Finally, TD Securities lowered Taseko Mines from a "strong-buy" rating to a "hold" rating and increased their price target 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 issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Taseko Mines presently has a consensus rating of "Buy" and a consensus price target of C$5.17.

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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