Taseko Mines Limited (TSE:TKO) Given Consensus Rating of “Moderate Buy” by Analysts

Taseko Mines Limited (TSE:TKO – Get Rating) (NYSE:TGB) has been given a consensus rating of “Moderate Buy” by the eight brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$2.64.

Several research analysts recently commented on the stock. Stifel Nicolaus raised their price target on shares of Taseko Mines from C$2.60 to C$2.90 in a report on Monday. Scotiabank raised their price target on shares of Taseko Mines from C$1.75 to C$2.00 in a research report on Thursday, October 13th. National Bankshares decreased their price objective on shares of Taseko Mines from C$2.40 to C$1.90 in a report on Monday. TD Securities raised their target price on Taseko Mines from C$2.25 to C$2.50 and gave the company a “buy” rating in a research note on Wednesday, December 21st. Finally, Canaccord Genuity Group set a C$3.30 target price on Taseko Mines and gave the company a “buy” rating in a research note on Tuesday, November 22nd.

Taseko Mines Stock Performance

TSE:TKO opened at C$2.38 on Wednesday. The company has a quick ratio of 1.38, a current ratio of 2.28 and a debt-to-equity ratio of 156.48. Taseko Mines has a fifty-two week low of C$1.15 and a fifty-two week high of C$3.00. The stock has a market cap of C$681.64 million and a PE ratio of 19.83. The firm’s fifty day simple moving average is C$1.86 and its 200-day simple moving average is C$1.59.

Taseko Mines (TSE:TKO – Get Rating) (NYSE:TGB) last released its quarterly earnings results on Thursday, November 3rd. The company reported C$0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.02. The firm had revenue of C$89.71 million for the quarter, compared to analyst estimates of C$99.00 million. Analysts expect that Taseko Mines will post -0.0201205 earnings per share for the current fiscal year.

Taseko Mines Company Profile

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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.