TD Securities Downgrades Taseko Mines (TSE:TKO) to Hold

TD Securities lowered shares of Taseko Mines (TSE:TKO - Free Report) from a buy rating to a hold rating in a research report report published on Wednesday,BayStreet.CA reports. They currently have C$5.00 price objective on the stock, up from their previous price objective of C$3.50.

Other analysts have also recently issued research reports about the stock. Paradigm Capital upped their target price on shares of Taseko Mines from C$4.50 to C$5.25 and gave the company a "buy" rating in a research note on Monday, July 7th. National Bankshares upped their price objective on shares of Taseko Mines from C$4.50 to C$5.25 and gave the stock an "outperform" rating in a research note on Tuesday, June 24th.

Taseko Mines Trading Down 1.6%

TSE TKO traded down C$0.07 on Wednesday, reaching C$4.43. The company's stock had a trading volume of 543,187 shares, compared to its average volume of 619,769. The firm has a market cap of C$1.34 billion, a PE ratio of 17.33 and a beta of 1.92. The business has a 50-day moving average price of C$3.79 and a 200 day moving average price of C$3.27. Taseko Mines has a 52 week low of C$2.38 and a 52 week high of C$5.05.

Insiders Place Their Bets

In related news, Director Russell Edward Hallbauer bought 20,000 shares of Taseko Mines stock in a transaction dated Thursday, July 10th. The shares were bought at an average cost of C$4.70 per share, for a total transaction of C$94,000.00. Also, Senior Officer Richard James Weymark sold 34,000 shares of the company's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of C$4.91, for a total transaction of C$166,940.00. Over the last ninety days, insiders have sold 170,100 shares of company stock valued at $784,200. 2.58% of the stock is currently owned by insiders.

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.