Russell Hallbauer Sells 10,000 Shares of Taseko Mines (LON:TKO) Stock

Key Points

• Russell Hallbauer, an insider at Taseko Mines, sold 10,000 shares of the company's stock for a total of £49,300.
• Taseko Mines' stock price currently has a market capitalization of £855.90 million and a 12-month high of GBX 273.82.
• Canaccord Genuity Group has reaffirmed a "buy" rating for Taseko Mines, setting a target price of GBX 340.

Taseko Mines Limited (LON:TKO - Get Free Report) insider Russell Hallbauer sold 10,000 shares of the business's stock in a transaction on Friday, September 12th. The stock was sold at an average price of GBX 493, for a total transaction of £49,300.

Taseko Mines Price Performance

Shares of TKO stock opened at GBX 270.20 on Friday. Taseko Mines Limited has a 12 month low of GBX 125.50 and a 12 month high of GBX 273.82. The firm has a market capitalization of £855.90 million, a P/E ratio of -2,702.00 and a beta of 1.92. The company's fifty day moving average price is GBX 245.91 and its two-hundred day moving average price is GBX 201.66.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a "buy" rating and issued a GBX 340 target price on shares of Taseko Mines in a research note on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of GBX 307.50.

About Taseko Mines

Taseko Mines is a dynamic and growing mining company focused on the operation and development of copper mines in North America. Headquartered in Vancouver, Taseko operates the state-of-the-art Gibraltar Mine (100% owned), the second largest copper mine in Canada, with a nearly 700-person workforce producing an average of 140 million pounds of copper and 2.5 million pounds of molybdenum per year. In addition to the Yellowhead copper project and the Aley niobium project, Taseko is also advancing the Florence Copper project in Arizona – a near-term copper producer with an unparalleled energy, water and GHG profile per unit of production.

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