Taseko Mines (TSE:TKO) Shares Pass Above 200-Day Moving Average of $1.89

Taseko Mines Limited (TSE:TKO – Get Rating) (NYSE:TGB)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$1.89 and traded as high as C$2.03. Taseko Mines shares last traded at C$2.03, with a volume of 146,626 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. National Bankshares lifted their price target on Taseko Mines from C$2.40 to C$2.50 and gave the stock a “sector perform” rating in a research note on Monday, February 13th. Stifel Nicolaus lifted their price target on Taseko Mines from C$2.60 to C$2.90 in a research note on Monday, January 9th. Canaccord Genuity Group set a C$3.30 price target on Taseko Mines and gave the stock a “buy” rating in a research note on Tuesday, November 22nd. BMO Capital Markets lifted their price target on Taseko Mines from C$2.50 to C$2.75 in a research note on Monday, February 6th. Finally, TD Securities lifted their price target on Taseko Mines from C$2.50 to C$2.75 and gave the stock a “buy” rating in a research note on Monday, February 27th.

Taseko Mines Price Performance

The stock has a 50 day simple moving average of C$2.28 and a two-hundred day simple moving average of C$1.89. The company has a market cap of C$585.35 million, a price-to-earnings ratio of -22.56, a price-to-earnings-growth ratio of 0.47 and a beta of 2.01. The company has a debt-to-equity ratio of 164.58, a current ratio of 2.14 and a quick ratio of 1.38.

Insiders Place Their Bets

In other Taseko Mines news, Director Russell Edward Hallbauer sold 49,700 shares of the business’s stock in a transaction on Tuesday, January 31st. The stock was sold at an average price of C$2.37, for a total transaction of C$117,789.00. Following the transaction, the director now owns 2,537,048 shares of the company’s stock, valued at C$6,012,803.76. 3.06% of the stock is currently owned by corporate insiders.

Taseko Mines Company Profile

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Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. The company explores for copper, molybdenum, gold, niobium, and silver deposits. It holds 75% interest in the Gibraltar mine located in British Columbia. It also holds 100% interest in 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.