Taseko Mines Ltd (TGB) Given Average Recommendation of “Hold” by Brokerages
Shares of Taseko Mines Ltd (NYSE:TGB) (TSE:TKO) have been assigned a consensus recommendation of “Hold” from the six brokerages that are currently covering the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $0.73.
A number of equities analysts have recently commented on TGB shares. Zacks Investment Research raised shares of Taseko Mines from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Scotiabank reaffirmed an “underperform” rating and set a $0.50 price objective (down from $0.65) on shares of Taseko Mines in a report on Saturday, October 29th.
Taseko Mines (NYSE:TGB) traded up 3.2707% during mid-day trading on Wednesday, hitting $0.6599. The company had a trading volume of 1,007,556 shares. Taseko Mines has a 12 month low of $0.23 and a 12 month high of $0.70. The company has a 50-day moving average price of $0.49 and a 200 day moving average price of $0.51. The firm’s market capitalization is $146.39 million.
Taseko Mines (NYSE:TGB) last released its quarterly earnings data on Thursday, October 27th. The mining company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by $0.01. The firm had revenue of $55.90 million for the quarter, compared to the consensus estimate of $45.78 million. The business’s revenue for the quarter was down 30.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.01) earnings per share. Equities analysts forecast that Taseko Mines will post ($0.19) EPS for the current fiscal year.
About Taseko Mines
Taseko Mines Limited is a mining company. The Company is 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. Its operating asset is the Gibraltar Mine, a copper mine located in central British Columbia.
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