Taseko Mines (TKO) Raised to “Speculative Buy” at TD Securities

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TD Securities upgraded shares of Taseko Mines (TSE:TKO) (NYSE:TGB) from a hold rating to a speculative buy rating in a research note issued to investors on Thursday. They currently have C$1.70 price objective on the stock, down from their prior price objective of C$1.85.

Several other research analysts also recently issued reports on TKO. National Bank Financial reduced their price objective on Taseko Mines from C$2.75 to C$2.50 and set an outperform rating on the stock in a report on Thursday, May 3rd. Scotiabank set a C$1.50 price objective on Taseko Mines and gave the stock a sector perform rating in a report on Friday, May 4th.

Shares of Taseko Mines opened at C$1.01 on Thursday, according to MarketBeat.com. Taseko Mines has a one year low of C$0.93 and a one year high of C$2.98.

In other Taseko Mines news, Director Robert Allan Dickinson sold 87,868 shares of the company’s stock in a transaction on Tuesday, May 29th. The stock was sold at an average price of C$1.37, for a total transaction of C$120,379.16. Also, insider Brian Lee Bergot sold 22,472 shares of the company’s stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of C$1.60, for a total value of C$35,955.20. In the last ninety days, insiders have sold 272,840 shares of company stock worth $414,709.

Taseko Mines Company Profile

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

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