Taseko Mines (TSE:TKO) Cut to Hold at TD Securities

Taseko Mines (TSE:TKO - Get Free Report) was downgraded by equities research analysts at TD Securities from a "strong-buy" rating to a "hold" rating in a note issued to investors on Wednesday, July 16th, MarketBeat Ratings reports. They currently have a C$5.00 price target on the stock, up from their prior price target of C$3.50. TD Securities' price objective would indicate a potential upside of 6.61% from the stock's previous close.

TKO has been the subject of a number of other reports. Paradigm Capital boosted their price objective on 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. National Bankshares boosted their target price on 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 Stock Performance

Shares of TKO stock opened at C$4.69 on Wednesday. The stock's fifty day moving average is C$3.89 and its two-hundred day moving average is C$3.30. The firm has a market capitalization of C$1.42 billion, a P/E ratio of 18.34 and a beta of 1.92. Taseko Mines has a fifty-two week low of C$2.38 and a fifty-two week high of C$5.05.

Insider Buying and Selling at Taseko Mines

In other news, Senior Officer Richard James Weymark sold 34,000 shares of Taseko Mines stock in a transaction on Thursday, July 10th. The stock was sold at an average price of C$4.91, for a total value of C$166,940.00. Also, Senior Officer Trevor Thomas sold 35,000 shares of Taseko Mines stock in a transaction on Thursday, July 10th. The shares were sold at an average price of C$4.92, for a total value of C$172,200.00. Insiders have sold 170,100 shares of company stock valued at $784,200 in the last 90 days. 2.58% of the stock is currently owned by insiders.

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.