Taseko Mines (TSE:TKO) Sets New 1-Year Low – Time to Sell?

Taseko Mines Ltd. (TSE:TKO) reached a new 52-week low during trading on Friday . The stock traded as low as C$2.56 and last traded at C$2.56, with a volume of 735213 shares. The stock had previously closed at C$2.89.

Analyst Ratings Changes

TKO has been the topic of a number of recent analyst reports. National Bankshares raised their price target 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. National Bank Financial raised shares of Taseko Mines from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th.

Taseko Mines Stock Performance

The firm has a market capitalization of C$789.00 million, a P/E ratio of 10.17 and a beta of 1.92. The company has a 50-day simple moving average of C$3.08 and a two-hundred day simple moving average of C$3.07.

Insider Transactions at Taseko Mines

In related news, Director Russell Edward Hallbauer sold 50,000 shares of Taseko Mines stock in a transaction on Monday, March 17th. The stock was sold at an average price of C$1.23, for a total transaction of C$61,500.00. Also, Director Anu Dhir purchased 44,000 shares of Taseko Mines stock in a transaction on Monday, January 13th. The stock was bought at an average price of C$0.72 per share, with a total value of C$31,680.00. Company 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.