Taseko Mines (TSE:TKO) Stock Price Down 8.1% - Here's Why

Taseko Mines Ltd. (TSE:TKO - Get Free Report)'s share price was down 8.1% during mid-day trading on Friday . The company traded as low as C$2.79 and last traded at C$2.82. Approximately 656,496 shares changed hands during trading, an increase of 12% from the average daily volume of 584,412 shares. The stock had previously closed at C$3.07.

Wall Street Analyst Weigh In

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

Taseko Mines Stock Up 1.5 %

The company has a 50-day moving average price of C$3.04 and a two-hundred day moving average price of C$2.99. The company has a market capitalization of C$825.42 million, a PE ratio of 10.64 and a beta of 1.92.

Insider Buying and Selling at Taseko Mines

In related news, Director Russell Edward Hallbauer sold 50,000 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of C$1.23, for a total transaction of C$61,500.00. Also, Director Kenneth William Pickering acquired 15,000 shares of the company's stock in a transaction on Friday, March 28th. The shares were acquired at an average price of C$3.25 per share, for a total transaction of C$48,750.00. 2.58% of the stock is currently owned by company 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.