Taseko Mines (TSE:TKO) Trading Up 13.6% – Time to Buy?

Shares of Taseko Mines Ltd. (TSE:TKO) were up 13.6% during trading on Wednesday . The stock traded as high as C$2.76 and last traded at C$2.76. Approximately 530,552 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 583,056 shares. The stock had previously closed at C$2.43.

Wall Street Analyst Weigh In

Separately, National Bankshares boosted their target price on shares of Taseko Mines from C$4.25 to C$4.50 and gave the company an “outperform” rating in a research report on Wednesday, April 2nd.

Taseko Mines Stock Up 14.4 %

The firm has a 50 day simple moving average of C$3.06 and a two-hundred day simple moving average of C$3.06. The stock has a market capitalization of C$843.63 million, a P/E ratio of 10.87 and a beta of 1.92.

Insider Buying and Selling

In related news, Director Kenneth William Pickering bought 15,000 shares of the business’s stock in a transaction on Friday, March 28th. The shares were purchased at an average price of C$3.25 per share, for a total transaction of C$48,750.00. Also, Director Anu Dhir purchased 44,000 shares of the stock in a transaction dated Monday, January 13th. The shares were bought at an average price of C$0.72 per share, with a total value of C$31,680.00. 2.58% of the stock is owned by corporate insiders.

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.