Taseko Mines Ltd (TKO) Earns Underperform Rating from Scotiabank

Scotiabank reaffirmed their underperform rating on shares of Taseko Mines Ltd (TSE:TKO) (NYSE:TGB) in a research report released on Monday morning. The brokerage currently has a C$1.50 price target on the stock.

TKO has been the topic of several other research reports. National Bank Financial cut their price objective on shares of Taseko Mines from C$2.20 to C$2.10 and set a sector perform rating on the stock in a research report on Monday, July 24th. TD Securities raised their price objective on shares of Taseko Mines from C$1.90 to C$2.25 in a research report on Tuesday, September 26th. Finally, BMO Capital Markets raised their price objective on shares of Taseko Mines from C$2.20 to C$2.30 in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Taseko Mines presently has an average rating of Hold and an average price target of C$1.98.

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In other news, Director Alexander Morrison sold 88,000 shares of Taseko Mines stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of C$2.28, for a total value of C$200,640.00. Also, insider Scott Jones sold 25,000 shares of Taseko Mines stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of C$2.55, for a total transaction of C$63,750.00. In the last ninety days, insiders have sold 377,000 shares of company stock worth $940,090.

About Taseko Mines

Taseko Mines Limited is a mining company. The Company is principally engaged in the production and sale of metals, as well as related activities, including exploration and mine development, within the province of British Columbia, Canada and the State of Arizona, the United States. Its projects represent a range of metals, including gold, copper and niobium.

Analyst Recommendations for Taseko Mines (TSE:TKO)

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