Taseko Mines (TSE:TKO) Shares Up 2.5% – What’s Next?

Taseko Mines Ltd. (TSE:TKO) shares shot up 2.5% during mid-day trading on Wednesday . The stock traded as high as C$2.51 and last traded at C$2.49. 257,554 shares changed hands during trading, a decline of 56% from the average session volume of 580,812 shares. The stock had previously closed at C$2.43.

Wall Street Analyst Weigh In

Separately, National Bankshares upped their target price on shares of 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 Price Performance

The firm’s fifty day moving average is C$3.06 and its two-hundred day moving average is C$3.06. The firm has a market cap of C$852.73 million, a price-to-earnings ratio of 10.99 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 dated Monday, March 17th. The shares were sold at an average price of C$1.23, for a total value of C$61,500.00. Also, Director Kenneth William Pickering bought 15,000 shares of the business’s stock in a transaction that occurred on Friday, March 28th. The shares were bought at an average price of C$3.25 per share, with a total value of C$48,750.00. Insiders own 2.58% of the company’s stock.

About Taseko Mines

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. It explores for copper, molybdenum, gold, niobium, and silver deposits. The company’s principal asset comprises 100% interest owned the Gibraltar mine located in British Columbia. It also holds interest in the Yellowhead copper project, the Aley niobium project, and the New Prosperity gold and copper project located in British Columbia; and the Florence copper project located in Arizona.