FY2017 EPS Estimates for Taseko Mines Ltd (TKO) Boosted by National Bank Financial
Taseko Mines Ltd (TSE:TKO) (NYSE:TGB) – Stock analysts at National Bank Financial boosted their FY2017 earnings per share estimates for Taseko Mines in a research report issued to clients and investors on Thursday, Zacks Investment Research reports. National Bank Financial analyst D. Demarco now anticipates that the company will earn $0.09 per share for the year, up from their previous estimate of $0.08.
Other analysts have also issued reports about the stock. TD Securities reiterated a “hold” rating and issued a C$2.00 price target on shares of Taseko Mines in a research report on Friday, May 5th. Royal Bank of Canada upped their price objective on shares of Taseko Mines from C$1.50 to C$1.75 and gave the company a “sector perform” rating in a research note on Friday, May 5th. Scotiabank upped their price objective on shares of Taseko Mines from C$1.30 to C$1.90 and gave the company a “sector perform” rating in a research note on Friday, February 24th. Finally, BMO Capital Markets reissued a “market perform” rating and set a C$2.00 price objective on shares of Taseko Mines in a research note on Thursday, February 2nd. Five analysts have rated the stock with a hold rating, Taseko Mines has an average rating of “Hold” and an average target price of C$1.69.
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Shares of Taseko Mines (TSE:TKO) traded up 3.49% during trading on Monday, hitting $1.78. The stock had a trading volume of 57,300 shares. The firm has a 50 day moving average price of $1.61 and a 200 day moving average price of $1.45. The firm’s market cap is $402.54 million. Taseko Mines has a 12-month low of $0.55 and a 12-month high of $2.12.
In related news, insider John Mcmanus purchased 16,500 shares of the business’s stock in a transaction on Thursday, March 16th. The shares were bought at an average price of C$1.82 per share, with a total value of C$30,030.00.
About Taseko Mines
Taseko Mines Limited is a mining company. The Company 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. Its projects represent a range of metals, including gold, copper and niobium.
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