Jefferies Financial Group Reiterates C$15.00 Price Target for Taseko Mines (TSE:TKO)

Taseko Mines (TSE:TKO) has been given a C$15.00 target price by equities researchers at Jefferies Financial Group in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 27.23% from the company’s current price.

Separately, National Bank Financial lifted their price target on shares of Taseko Mines from C$12.00 to C$13.00 and gave the company an “outperform” rating in a research note on Tuesday, July 14th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$13.62.

Taseko Mines Trading Up 0.8%

Shares of TSE TKO traded up C$0.09 during mid-day trading on Thursday, reaching C$11.79. 405,861 shares of the company’s stock were exchanged, compared to its average volume of 1,335,341. The firm has a market capitalization of C$4.32 billion, a price-to-earnings ratio of 393.00 and a beta of 1.86. The business has a fifty day simple moving average of C$10.36 and a 200 day simple moving average of C$10.14. Taseko Mines has a twelve month low of C$4.27 and a twelve month high of C$12.62.

Taseko Mines (TSE:TKO) last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.11 earnings per share for the quarter. Taseko Mines had a return on equity of 2.09% and a net margin of 1.60%.The business had revenue of C$330.55 million for the quarter. Equities research analysts predict that Taseko Mines will post 0.2801932 earnings per share for the current fiscal year.

Insider Buying and Selling at Taseko Mines

In related news, insider Brian Lee Bergot sold 82,000 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of C$11.34, for a total transaction of C$929,880.00. Following the completion of the transaction, the insider directly owned 211,811 shares in the company, valued at approximately C$2,401,936.74. This trade represents a 27.91% decrease in their ownership of the stock. 2.58% of the stock is owned by corporate insiders.

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.