Taseko Mines Ltd. (TSE:TKO - Get Free Report) shares shot up 16.9% during mid-day trading on Friday . The company traded as high as C$4.19 and last traded at C$4.16. 2,937,558 shares were traded during trading, an increase of 393% from the average session volume of 596,283 shares. The stock had previously closed at C$3.56.
Wall Street Analyst Weigh In
Separately, National Bankshares upped their price target on shares of Taseko Mines from C$4.25 to C$4.50 and gave the stock an "outperform" rating in a report on Wednesday, April 2nd.
Read Our Latest Report on TKO
Taseko Mines Stock Up 17.1%
The stock has a market cap of C$1.27 billion, a P/E ratio of 16.31 and a beta of 1.92. The company's 50 day moving average price is C$2.93 and its two-hundred day moving average price is C$2.97.
Insiders Place Their Bets
In other Taseko Mines news, Director Kenneth William Pickering purchased 15,000 shares of Taseko Mines stock in a transaction dated Friday, March 28th. The stock was acquired at an average price of C$3.25 per share, for a total transaction of C$48,750.00. Also, Director Russell Edward Hallbauer sold 50,000 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of C$1.23, for a total transaction of C$61,500.00. 2.58% of the stock is currently owned by company insiders.
About Taseko Mines
(
Get Free Report)
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.
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