Taseko Mines (NYSEAMERICAN:TGB) Releases Quarterly Earnings Results, Hits Estimates

Taseko Mines (NYSEAMERICAN:TGB) issued its quarterly earnings results on Wednesday. The company reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11, Zacks reports. Taseko Mines had a return on equity of 15.33% and a net margin of 1.59%.

Taseko Mines Price Performance

NYSEAMERICAN:TGB traded up $0.14 during mid-day trading on Wednesday, reaching $7.56. 4,801,161 shares of the stock were exchanged, compared to its average volume of 5,729,381. Taseko Mines has a 1-year low of $3.93 and a 1-year high of $9.82. The company has a current ratio of 1.24, a quick ratio of 0.76 and a debt-to-equity ratio of 0.85. The business has a fifty day moving average price of $8.42 and a 200 day moving average price of $7.64. The firm has a market capitalization of $2.77 billion, a PE ratio of 378.19 and a beta of 1.44.

Analyst Ratings Changes

Separately, Jefferies Financial Group assumed coverage on shares of Taseko Mines in a report on Thursday, August 20th. They issued a “buy” rating for the company. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.00.

Taseko Mines Company Profile

Taseko Mines Limited is a Canadian mining company focused on the acquisition, development and operation of copper and other mineral properties. The company’s primary producing asset is the Gibraltar Mine in British Columbia, one of Canada’s largest open-pit copper-molybdenum mines. Taseko operates Gibraltar in partnership with Cariboo Copper Corp.

The company also holds interests in several development-stage projects. These include the Florence Copper project in Arizona, which is designed to produce copper through an in-situ recovery process, and the Yellowhead copper, gold and silver project in British Columbia.