Taseko Mines (TSE:TKO) Shares Down 9.4% - Should You Sell?

Taseko Mines Ltd. (TSE:TKO - Get Free Report) shares traded down 9.4% on Friday . The company traded as low as C$2.76 and last traded at C$2.78. 846,568 shares changed hands during mid-day trading, an increase of 44% from the average session volume of 589,885 shares. The stock had previously closed at C$3.07.

Analysts Set New Price Targets

Separately, National Bankshares lifted their price target 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 Stock Up 2.2 %

The business's fifty day moving average is C$3.04 and its 200 day moving average is C$2.99. The stock has a market cap of C$831.49 million, a PE ratio of 10.72 and a beta of 1.92.

Insider Transactions at Taseko Mines

In other news, Director Russell Edward Hallbauer sold 50,000 shares of the stock in a transaction dated Monday, March 17th. The shares were 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 dated Friday, March 28th. The shares were purchased at an average price of C$3.25 per share, with a total value of C$48,750.00. Corporate insiders own 2.58% of the company's stock.

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.