Taseko Mines (TSE:TKO) Raised to “Outperform” at National Bankshares

Taseko Mines (TSE:TKO) was upgraded by equities research analysts at National Bankshares from a “sector perform” rating to an “outperform” rating in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a C$4.25 target price on the stock, down from their previous target price of C$4.50. National Bankshares’ price target points to a potential upside of 38.89% from the company’s current price.

Taseko Mines Trading Up 2.3 %

Shares of TSE TKO opened at C$3.06 on Tuesday. Taseko Mines has a 12-month low of C$1.56 and a 12-month high of C$4.20. The company has a market cap of C$897.65 million, a P/E ratio of 18.00 and a beta of 1.92. The business has a 50 day moving average of C$3.12.

Insider Buying and Selling

In other Taseko Mines news, Director Russell Edward Hallbauer purchased 100,000 shares of the stock in a transaction dated Thursday, November 14th. The shares were bought at an average cost of C$2.83 per share, with a total value of C$283,000.00. Corporate 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.