Taseko Mines (TSE:TKO) Price Target Raised to C$3.00

Taseko Mines (TSE:TKOGet Rating) (NYSE:TGB) had its price objective increased by Scotiabank from C$2.75 to C$3.00 in a research note released on Wednesday morning, BayStreet.CA reports.

A number of other equities research analysts have also issued reports on the company. Liberum Capital reaffirmed a sell rating on shares of Taseko Mines in a research note on Thursday, January 20th. National Bankshares upped their target price on Taseko Mines from C$3.00 to C$3.25 in a research note on Friday, April 8th. Finally, Panmure Gordon upgraded Taseko Mines to a buy rating and set a C$3.38 price target for the company in a report on Thursday, March 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of Hold and a consensus price target of C$3.27.

Shares of TSE:TKO opened at C$2.83 on Wednesday. The business’s 50 day simple moving average is C$2.64 and its 200-day simple moving average is C$2.61. The firm has a market capitalization of C$810.20 million and a price-to-earnings ratio of 21.94. The company has a debt-to-equity ratio of 148.32, a current ratio of 3.26 and a quick ratio of 2.41. Taseko Mines has a 12 month low of C$1.92 and a 12 month high of C$3.22.

Taseko Mines (TSE:TKOGet Rating) (NYSE:TGB) last announced its quarterly earnings results on Tuesday, February 22nd. The company reported C$0.05 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.05. The firm had revenue of C$102.97 million for the quarter. On average, equities analysts anticipate that Taseko Mines will post 0.119573 earnings per share for the current year.

In other Taseko Mines news, Director Robert Allan Dickinson sold 100,000 shares of the business’s stock in a transaction on Friday, April 1st. The stock was sold at an average price of C$2.93, for a total value of C$293,000.00. Following the completion of the transaction, the director now directly owns 272,000 shares in the company, valued at approximately C$796,960. Insiders sold a total of 110,000 shares of company stock valued at $319,200 over the last quarter.

About Taseko Mines (Get Rating)

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.

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