Taseko Mines (TSE:TKO) Trading Down 2.8% - Here's What Happened

Shares of Taseko Mines Ltd. (TSE:TKO - Get Free Report) traded down 2.8% during trading on Friday . The company traded as low as C$3.85 and last traded at C$3.88. 480,114 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 607,658 shares. The stock had previously closed at C$3.99.

Analyst Upgrades and Downgrades

Separately, National Bankshares lifted their price objective on Taseko Mines from C$4.25 to C$4.50 and gave the stock an "outperform" rating in a report on Wednesday, April 2nd.

Taseko Mines Trading Down 2.8%

The stock has a market cap of C$1.18 billion, a P/E ratio of 15.18 and a beta of 1.92. The company's fifty day simple moving average is C$3.22 and its 200-day simple moving average is C$3.06.

Insider Transactions at Taseko Mines

In related news, Director Kenneth William Pickering bought 15,000 shares of the company's stock in a transaction dated Friday, March 28th. The stock was acquired at an average cost of C$3.25 per share, with a total value of C$48,750.00. 2.58% of the stock is 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.