Taseko Mines (TKO) Hits New 52-Week Low Following Analyst Downgrade
Shares of Taseko Mines Ltd (TSE:TKO) (NYSE:TGB) reached a new 52-week low during trading on Wednesday after National Bank Financial lowered their price target on the stock from C$2.10 to C$1.85. National Bank Financial currently has an outperform rating on the stock. Taseko Mines traded as low as C$0.75 and last traded at C$0.84, with a volume of 41000 shares trading hands. The stock had previously closed at C$0.85.
Separately, TD Securities raised shares of Taseko Mines from a “hold” rating to a “speculative buy” rating and cut their target price for the company from C$1.85 to C$1.70 in a research note on Thursday, August 9th.
The company has a debt-to-equity ratio of 95.93, a quick ratio of 0.79 and a current ratio of 1.74.
About Taseko Mines (TSE:TKO)
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-molybdenum mine located in south-central British Columbia.
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