Taseko Mines (TSE:TKO – Get Rating) (NYSE:TGB) had its price objective decreased by investment analysts at TD Securities from C$2.50 to C$2.25 in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD Securities' target price points to a potential upside of 54.11% from the stock's current price.
A number of other analysts have also recently weighed in on the stock. 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. Stifel Nicolaus decreased their price target on shares of Taseko Mines from C$3.40 to C$2.50 in a research report on Tuesday, July 19th. BMO Capital Markets decreased their price target on shares of Taseko Mines from C$2.75 to C$2.50 in a research report on Tuesday. Finally, Scotiabank decreased their price target on shares of Taseko Mines from C$2.00 to C$1.75 in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of C$2.35.
Get Taseko Mines alerts:Taseko Mines Trading Down 0.7 %
TKO stock opened at C$1.46 on Wednesday. The business has a fifty day simple moving average of C$1.49 and a 200-day simple moving average of C$2.13. The company has a quick ratio of 2.33, a current ratio of 3.06 and a debt-to-equity ratio of 143.79. Taseko Mines has a 52 week low of C$1.15 and a 52 week high of C$3.00. The company has a market cap of C$417.98 million and a price-to-earnings ratio of 8.11.
About Taseko Mines
(Get Rating)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.
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