Taseko Mines - TKO 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 Analysts Forecast Growth

A number of analysts have recently commented on the company. National Bankshares cut their price target on Taseko Mines from C$1.85 to C$1.70 and set a "sector perform" rating on the stock in a report on Tuesday, July 19th. BMO Capital Markets reduced their price objective on Taseko Mines from C$2.75 to C$2.50 in a research report on Tuesday. Stifel Nicolaus reduced their price objective on Taseko Mines from C$3.40 to C$2.50 in a research report on Tuesday, July 19th. Scotiabank reduced their price objective on Taseko Mines from C$2.00 to C$1.75 in a research report on Wednesday. Finally, TD Securities reduced their price objective on Taseko Mines from C$2.50 to C$2.25 and set a "buy" rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Taseko Mines presently has a consensus rating of "Hold" and a consensus price target of C$2.35.

Taseko Mines Stock Down 3.4 %

TKO traded down C$0.05 on Friday, hitting C$1.41. 521,939 shares of the company were exchanged, compared to its average volume of 456,332. Taseko Mines has a 12 month low of C$1.15 and a 12 month high of C$3.00. The company has a market cap of C$403.79 million and a PE ratio of 7.83. The company has a debt-to-equity ratio of 143.79, a quick ratio of 2.33 and a current ratio of 3.06. The stock's fifty day moving average is C$1.47 and its 200-day moving average is C$2.12.