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.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TKO. National Bankshares dropped 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 research report on Tuesday, July 19th. Stifel Nicolaus dropped their target price on Taseko Mines from C$3.40 to C$2.50 in a research report on Tuesday, July 19th. TD Securities dropped their target price on Taseko Mines from C$2.50 to C$2.25 and set a "buy" rating on the stock in a research report on Wednesday, August 10th. BMO Capital Markets dropped their price objective on Taseko Mines from C$2.75 to C$2.50 in a research note on Tuesday, August 9th. Finally, Scotiabank dropped their price objective on Taseko Mines from C$2.00 to C$1.75 in a research note on Wednesday, August 10th. 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. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of C$2.35.

Taseko Mines Trading Down 3.3 %

Shares of TKO traded down C$0.05 during trading hours on Tuesday, hitting C$1.48. The stock had a trading volume of 514,391 shares, compared to its average volume of 458,797. The company has a debt-to-equity ratio of 146.19, a quick ratio of 1.59 and a current ratio of 2.41. The firm has a market cap of C$423.84 million and a P/E ratio of 12.75. The company's fifty day simple moving average is C$1.46 and its 200 day simple moving average is C$2.11. Taseko Mines has a 12-month low of C$1.15 and a 12-month high of C$3.00.