Taseko Mines (TSE:TKO) Insider Sells C$759,750.00 in 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 shares were sold at an average price of C$5.07, for a total transaction of C$759,750.00. Following the sale, the insider directly owned 131,958 shares in the company, valued at approximately C$668,367.27. This trade represents a 53.20% decrease in their ownership of the stock.

Taseko Mines Trading Up 1.7%

Shares of Taseko Mines stock traded up C$0.09 on Monday, reaching C$5.26. The stock had a trading volume of 576,885 shares, compared to its average volume of 595,505. Taseko Mines Ltd. has a 1 year low of C$2.38 and a 1 year high of C$5.36. The company has a market cap of C$1.67 billion, a P/E ratio of -52.60 and a beta of 1.31. The business's 50 day moving average is C$4.57 and its two-hundred day moving average is C$3.80.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TKO. National Bankshares increased their price target on shares of Taseko Mines from C$4.50 to C$5.25 and gave the stock an "outperform" rating in a report on Tuesday, June 24th. TD Securities downgraded shares of Taseko Mines from a "strong-buy" rating to a "hold" rating and increased their price target for the stock from C$3.50 to C$5.00 in a report on Wednesday, July 16th. Finally, Paradigm Capital increased their price target on shares of Taseko Mines from C$4.50 to C$5.25 and gave the stock a "buy" rating in a report on Monday, July 7th. One equities research 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. According to data from MarketBeat, Taseko Mines has an average rating of "Buy" and an average 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.