Taseko Mines - TGB Stock Forecast, Price & News

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. The company explores for copper, molybdenum, gold, niobium, and silver deposits. It holds 75% interest in the Gibraltar mine located in British Columbia. It also holds 100% interest in Yellowhead copper project, the Aley niobium project, and the New Prosperity gold and copper project located in British Columbia; and the Florence copper project located in Arizona. The company was incorporated in 1966 and is headquartered in Vancouver, Canada.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Taseko Mines from a "buy" rating to a "hold" rating in a research note on Tuesday, April 19th.

Taseko Mines Trading Up 12.4 %

NYSE:TGB traded up $0.13 during mid-day trading on Wednesday, reaching $1.14. 51,741 shares of the company's stock traded hands, compared to its average volume of 1,924,961. The company has a current ratio of 3.06, a quick ratio of 2.34 and a debt-to-equity ratio of 1.39. The firm's fifty day simple moving average is $1.17. Taseko Mines has a 1-year low of $0.89 and a 1-year high of $2.41. The stock has a market capitalization of $325.04 million, a P/E ratio of 6.73 and a beta of 2.20.

Taseko Mines (NYSE:TGB - Get Rating) last released its earnings results on Monday, August 8th. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.04). Taseko Mines had a return on equity of 16.28% and a net margin of 11.37%. The firm had revenue of $64.99 million for the quarter, compared to the consensus estimate of $69.30 million. Equities research analysts forecast that Taseko Mines will post 0.06 earnings per share for the current fiscal year.