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.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the company. BMO Capital Markets lowered their price objective on Taseko Mines from C$2.75 to C$2.50 in a research note on Tuesday. National Bankshares decreased their price target on shares of Taseko Mines from C$1.85 to C$1.70 and set a "sector perform" rating for the company in a research report on Tuesday, July 19th. Scotiabank cut their price target on shares of Taseko Mines from C$2.00 to C$1.75 in a report on Wednesday. Stifel Nicolaus decreased their price objective on shares of Taseko Mines from C$3.40 to C$2.50 in a report on Tuesday, July 19th. Finally, TD Securities cut their target price on shares of Taseko Mines from C$2.50 to C$2.25 and set a "buy" rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of C$2.35.
Taseko Mines Stock Performance
Taseko Mines stock opened at C$1.41 on Friday. The company has a market cap of C$403.79 million and a PE ratio of 7.83. Taseko Mines has a 12 month low of C$1.15 and a 12 month high of C$3.00. The company has a fifty day moving average price of C$1.47 and a two-hundred day moving average price of C$2.13. The company has a debt-to-equity ratio of 143.79, a current ratio of 3.06 and a quick ratio of 2.33.