Taseko Mines (TSE:TKO) Given New C$5.25 Price Target at Paradigm Capital

Taseko Mines (TSE:TKO - Get Free Report) had its price objective upped by equities researchers at Paradigm Capital from C$4.50 to C$5.25 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Paradigm Capital's price objective indicates a potential upside of 17.19% from the stock's previous close.

Separately, National Bankshares boosted their price target on Taseko Mines from C$4.50 to C$5.25 and gave the company an "outperform" rating in a research note on Tuesday, June 24th.

Taseko Mines Stock Up 1.8%

TKO traded up C$0.08 during trading on Monday, reaching C$4.48. 395,591 shares of the company's stock were exchanged, compared to its average volume of 603,965. Taseko Mines has a fifty-two week low of C$2.38 and a fifty-two week high of C$4.61. The business has a 50 day moving average price of C$3.50 and a 200 day moving average price of C$3.17. The company has a market capitalization of C$1.36 billion, a P/E ratio of 17.52 and a beta of 1.92.

Insider Buying and Selling

In other Taseko Mines news, Director Russell Edward Hallbauer sold 51,100 shares of the business's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of C$4.60, for a total value of C$235,060.00. 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.