Taseko Mines (TSE:TKO) Stock Rating Upgraded by National Bankshares

Taseko Mines (TSE:TKO) was upgraded by stock analysts at National Bankshares from a “sector perform” rating to an “outperform” rating in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has a C$4.25 price objective on the stock, down from their prior price objective of C$4.50. National Bankshares’ target price would indicate a potential upside of 38.89% from the company’s current price.

Taseko Mines Trading Up 2.3 %

TKO stock opened at C$3.06 on Tuesday. The company has a 50 day moving average of C$3.12. The stock has a market cap of C$897.65 million, a price-to-earnings ratio of 18.00 and a beta of 1.92. Taseko Mines has a 1 year low of C$1.56 and a 1 year high of C$4.20.

Insider Activity at Taseko Mines

In other Taseko Mines news, Director Russell Edward Hallbauer purchased 100,000 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was bought at an average cost of C$2.83 per share, for a total transaction of C$283,000.00. 2.58% of the stock is currently owned by corporate insiders.

Taseko Mines Company Profile

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.