Taseko Mines (LON:TKO) Insider Sells £49,300 in 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 Taseko Mines stock in a transaction dated Friday, September 12th. The shares were sold at an average price of GBX 493, for a total value of £49,300.

Taseko Mines Stock Down 2.9%

Shares of LON:TKO traded down GBX 7.80 during midday trading on Monday, reaching GBX 263. The company had a trading volume of 6,699 shares, compared to its average volume of 5,967. The business's 50 day moving average price is GBX 245.88 and its 200 day moving average price is GBX 203.71. The stock has a market cap of £833.09 million, a PE ratio of -2,630.00 and a beta of 1.92. Taseko Mines Limited has a 1-year low of GBX 125.50 and a 1-year high of GBX 273.82.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 340 target price on shares of Taseko Mines in a research report on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price 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.