Taseko Mines (TSE:TKO) Price Target Raised to C$12.00 at TD Securities

Taseko Mines (TSE:TKO) had its price target boosted by stock analysts at TD Securities from C$6.50 to C$12.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. TD Securities’ target price would suggest a potential upside of 18.81% from the company’s current price.

Separately, National Bankshares increased their target price on Taseko Mines from C$7.25 to C$8.50 and gave the company an “outperform” rating in a report on Thursday, December 11th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$8.58.

Taseko Mines Trading Up 3.1%

Shares of TKO traded up C$0.30 during mid-day trading on Thursday, reaching C$10.10. The company’s stock had a trading volume of 1,724,229 shares, compared to its average volume of 1,529,301. Taseko Mines has a 52 week low of C$2.38 and a 52 week high of C$10.32. The company’s fifty day moving average price is C$7.65 and its two-hundred day moving average price is C$6.00. The stock has a market cap of C$3.64 billion, a PE ratio of -53.16 and a beta of 2.02.

Taseko Mines (TSE:TKO) last posted its quarterly earnings results on Thursday, November 13th. The company reported C$0.02 earnings per share for the quarter. Taseko Mines had a net margin of 12.69% and a return on equity of 16.33%. The business had revenue of C$173.91 million during the quarter. Research analysts anticipate that Taseko Mines will post 0.2801932 EPS for the current year.

Taseko Mines Company Profile

Taseko Mines Ltd is a Canadian mining company. It 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. The Gibraltar, Aley, New Prosperity, and Harmony properties are located in British Columbia whereas Florence copper is in central Arizona.