National Bank Financial Cuts Taseko Mines Ltd (TKO) Price Target to C$2.10
Taseko Mines Ltd (TSE:TKO) (NYSE:TGB) had its price objective reduced by National Bank Financial from C$2.20 to C$2.10 in a report issued on Monday, July 24th. They currently have a sector perform rating on the stock. National Bank Financial also issued estimates for Taseko Mines’ Q2 2017 earnings at ($0.01) EPS and FY2018 earnings at $0.07 EPS.
TKO has been the topic of several other research reports. Royal Bank Of Canada upped their target price on Taseko Mines from C$1.50 to C$1.75 and gave the company a sector perform rating in a report on Friday, May 5th. TD Securities restated a hold rating and issued a C$2.00 price objective on shares of Taseko Mines in a research report on Friday, May 5th. Finally, Scotiabank restated an underperform rating and issued a C$1.75 price objective on shares of Taseko Mines in a research report on Monday, June 12th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock currently has an average rating of Hold and an average price target of C$1.68.
Taseko Mines (TSE TKO) remained flat at $2.02 on Monday. The company’s stock had a trading volume of 57,354 shares. The stock has a market capitalization of $456.98 million and a PE ratio of 40.40. Taseko Mines has a 1-year low of $0.55 and a 1-year high of $2.14. The firm’s 50 day moving average is $1.81 and its 200 day moving average is $1.73.
In related news, insider Stuart David Mcdonald acquired 40,000 shares of Taseko Mines stock in a transaction dated Monday, June 26th. The shares were acquired at an average cost of C$1.60 per share, for a total transaction of C$64,000.00.
Taseko Mines Company Profile
Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties in Canada and the United States. The company explores for copper, molybdenum, gold, niobium, and silver deposits. It holds a 75% interest in the Gibraltar copper mine located in central British Columbia. The company also has interests in the Aley niobium, Harmony gold, and New Prosperity gold-copper projects situated in British Columbia; and the Florence copper project located in central Arizona.
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