Taseko Mines (TSE:TKO) Hits New 12-Month High Following Analyst Upgrade

Taseko Mines Ltd. (TSE:TKO - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday after Paradigm Capital raised their price target on the stock from C$4.50 to C$5.25. Paradigm Capital currently has a buy rating on the stock. Taseko Mines traded as high as C$5.05 and last traded at C$4.70, with a volume of 2292552 shares trading hands. The stock had previously closed at C$4.48.

Separately, 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.

Insider Buying and Selling at Taseko Mines

In related news, Director Russell Edward Hallbauer sold 51,100 shares of the firm's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of C$4.60, for a total value of C$235,060.00. Also, Senior Officer Trevor Thomas sold 35,000 shares of Taseko Mines stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of C$4.92, for a total value of C$172,200.00. Insiders have sold a total of 170,100 shares of company stock valued at $784,200 over the last ninety days. Corporate insiders own 2.58% of the company's stock.

Taseko Mines Stock Down 1.2%

The company has a 50-day moving average of C$3.59 and a 200 day moving average of C$3.20. The stock has a market capitalization of C$1.49 billion, a PE ratio of 19.24 and a beta of 1.92.

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.