Shares of Taseko Mines Limited (TSE:TKO) have been assigned a consensus recommendation of “Hold” from the twelve brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$1.02.

In other Taseko Mines Limited news, Director George R. Ireland sold 7,718,500 shares of the stock in a transaction that occurred on Tuesday, January 5th. The shares were sold at an average price of C$0.30, for a total value of C$2,316,321.85.

Several research analysts have recently weighed in on TKO shares. CIBC cut their price objective on shares of Taseko Mines Limited from C$1.50 to C$0.90 in a report on Friday, October 2nd. TD Securities cut their price objective on shares of Taseko Mines Limited from C$0.85 to C$0.55 and set a “hold” rating on the stock in a report on Wednesday, January 20th. LB Securities cut their price objective on shares of Taseko Mines Limited from C$0.90 to C$0.80 and set a “hold” rating on the stock in a report on Friday, October 23rd. Raymond James cut their price objective on shares of Taseko Mines Limited from C$1.20 to C$0.70 and set a “market perform” rating on the stock in a report on Friday, December 4th. Finally, Dundee Securities cut their price objective on shares of Taseko Mines Limited from C$0.65 to C$0.45 and set a “neutral” rating on the stock in a report on Friday, January 8th.

Taseko Mines Limited (TSE:TKO) traded down 2.00% on Thursday, reaching $0.49. 98,390 shares of the company’s stock traded hands. Taseko Mines Limited has a 52 week low of $0.35 and a 52 week high of $1.22. The stock has a 50-day moving average of $0.45 and a 200 day moving average of $0.58. The firm’s market capitalization is $108.69 million.

Taseko Mines Ltd. is a Canada-based mining company. The Company is engaged in acquiring, developing, and operating large tonnage mineral deposits. Its asset is the 75% owned Gibraltar Mine, a copper/molybdenum mine located in central British Columbia. It owns the Florence copper project and also owns the New Prosperity gold-copper, Aley niobium and Harmony gold projects. The Company owns a 100% interest in the Florence Copper project though the acquisition of Curis Resources Ltd. The Company owns a 100% interest in the Aley Niobium Project. The Prosperity deposit is a gold-copper porphyry with a one billion tons measured and indicated resource containing approximately 5.3 billion pounds of copper and 13.3 million ounces of gold. Harmony is a gold project located on Graham Island off British Columbia’s west coast with deposits of approximately 64 million tons of 1.35 ounces per ton gold. The Harmony site covers approximately 177 square kilometers and consists of 58 mineral claims.

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