Russell Edward Hallbauer Sells 30,000 Shares of Taseko Mines (TSE:TKO) Stock

Key Points

• Russell Edward Hallbauer, a director at Taseko Mines, sold 30,000 shares on October 2nd for a total of C$176,700, reducing his stake by 1.64% to 1,802,750 shares.
• Taseko Mines stock price recently dropped to C$5.43, while analysts have issued varied price targets, with National Bankshares raising theirs to C$7.25.
• The company has a market capitalization of C$1.72 billion and an average target analyst rating of "Buy", with a consensus price target of C$5.83.

Taseko Mines Ltd. (TSE:TKO - Get Free Report) Director Russell Edward Hallbauer sold 30,000 shares of the company's stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of C$5.89, for a total transaction of C$176,700.00. Following the completion of the sale, the director owned 1,802,750 shares of the company's stock, valued at approximately C$10,618,197.50. This trade represents a 1.64% decrease in their position.

Russell Edward Hallbauer also recently made the following trade(s):

• On Tuesday, September 30th, Russell Edward Hallbauer sold 4,500 shares of Taseko Mines stock. The shares were sold at an average price of C$5.90, for a total value of C$26,550.00.
• On Wednesday, July 23rd, Russell Edward Hallbauer sold 15,000 shares of Taseko Mines stock. The shares were sold at an average price of C$4.80, for a total transaction of C$72,000.00.

Taseko Mines Price Performance

TKO traded down C$0.25 during trading on Friday, reaching C$5.43. 935,963 shares of the stock traded hands, compared to its average volume of 627,351. The stock's 50-day simple moving average is C$5.09 and its two-hundred day simple moving average is C$4.13. Taseko Mines Ltd. has a fifty-two week low of C$2.38 and a fifty-two week high of C$6.73. The stock has a market cap of C$1.72 billion, a price-to-earnings ratio of -54.30 and a beta of 1.74.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. National Bankshares increased their target price on Taseko Mines from C$6.25 to C$7.25 in a research note on Wednesday, October 8th. TD Securities downgraded shares of Taseko Mines from a "strong-buy" rating to a "hold" rating and raised their price objective for the stock from C$3.50 to C$5.00 in a research note on Wednesday, July 16th. Finally, Paradigm Capital boosted their target price on shares of Taseko Mines from C$4.50 to C$5.25 and gave the stock a "buy" rating in a research report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average target price of C$5.83.

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.

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