Taseko Mines (TSE:TKO) (NYSE:TGB) had its price target raised by National Bank Financial to C$3.50 in a research note issued to investors on Thursday, Stock Target Advisor reports. The firm currently has a sector perform rating on the stock. National Bank Financial also issued estimates for Taseko Mines’ FY2021 earnings at $0.28 EPS.
Other equities analysts have also recently issued reports about the company. BMO Capital Markets increased their price target on Taseko Mines from C$1.90 to C$2.50 in a report on Tuesday, February 23rd. National Bankshares increased their price target on Taseko Mines from C$3.00 to C$3.50 in a report on Thursday. TD Securities increased their price target on Taseko Mines from C$2.00 to C$2.75 and gave the stock a buy rating in a report on Friday, February 26th. Finally, Scotiabank increased their price target on Taseko Mines from C$2.00 to C$2.50 in a report on Monday, April 12th.
Shares of TSE:TKO opened at C$2.73 on Thursday. The company has a quick ratio of 2.90, a current ratio of 3.70 and a debt-to-equity ratio of 176.66. The business has a fifty day moving average of C$2.51 and a two-hundred day moving average of C$1.92. The stock has a market cap of C$773.11 million and a P/E ratio of 49.64. Taseko Mines has a 52-week low of C$0.54 and a 52-week high of C$3.22.
Taseko Mines (TSE:TKO) (NYSE:TGB) last released its quarterly earnings results on Wednesday, February 24th. The company reported C($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of C($0.04) by C$0.01. The business had revenue of C$87.40 million for the quarter. On average, equities analysts anticipate that Taseko Mines will post 0.09 earnings per share for the current year.
In related news, Senior Officer Brian Battison sold 43,000 shares of the stock in a transaction dated Wednesday, May 12th. The stock was sold at an average price of C$3.19, for a total transaction of C$137,170.00. Following the transaction, the insider now owns 156,420 shares of the company’s stock, valued at approximately C$498,979.80. Also, Senior Officer Trevor Thomas sold 30,000 shares of the stock in a transaction dated Thursday, March 11th. The stock was sold at an average price of C$2.30, for a total value of C$69,000.00. Following the transaction, the insider now directly owns 57,558 shares in the company, valued at approximately C$132,383.40. In the last three months, insiders have sold 363,000 shares of company stock worth $919,770.
About Taseko Mines
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. The company also holds 100% interest in Yellowhead copper project, the Aley niobium project, the Harmony Gold 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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