TD Securities Issues Positive Forecast for Taseko Mines (TSE:TKO) Stock Price

Taseko Mines (TSE:TKO) had its price objective increased by TD Securities from C$6.50 to C$12.00 in a report published on Thursday,BayStreet.CA reports.

Separately, National Bankshares lifted their price objective on shares of Taseko Mines from C$7.25 to C$8.50 and gave the company an “outperform” rating in a research report on Thursday, December 11th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$8.58.

Taseko Mines Stock Up 1.2%

Shares of Taseko Mines stock opened at C$9.92 on Thursday. The company has a market capitalization of C$3.58 billion, a price-to-earnings ratio of -52.21 and a beta of 2.02. The stock’s 50-day simple moving average is C$7.73 and its 200-day simple moving average is C$6.03. Taseko Mines has a 52 week low of C$2.38 and a 52 week high of C$10.32.

Taseko Mines (TSE:TKO) last released its earnings results on Thursday, November 13th. The company reported C$0.02 earnings per share (EPS) for the quarter. Taseko Mines had a return on equity of 16.33% and a net margin of 12.69%.The firm had revenue of C$173.91 million during the quarter. On average, equities analysts expect that Taseko Mines will post 0.2801932 earnings per share for the current year.

Taseko Mines Company Profile

Taseko Mines Ltd is a Canadian mining company. It 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. The Gibraltar, Aley, New Prosperity, and Harmony properties are located in British Columbia whereas Florence copper is in central Arizona.