TD Securities Increases Taseko Mines (TSE:TKO) Price Target to C$12.00

Taseko Mines (TSE:TKO) had its price target hoisted by investment analysts at TD Securities from C$6.50 to C$12.00 in a research report issued on Thursday,BayStreet.CA reports. TD Securities’ price target points to a potential upside of 18.81% from the company’s current price.

Separately, National Bankshares boosted their price target on shares of Taseko Mines from C$7.25 to C$8.50 and gave the company an “outperform” rating in a research report on Thursday, December 11th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Taseko Mines currently has a consensus rating of “Buy” and an average price target of C$8.58.

Taseko Mines Price Performance

Shares of TKO traded up C$0.30 during midday trading on Thursday, hitting C$10.10. 1,724,229 shares of the company traded hands, compared to its average volume of 1,529,301. Taseko Mines has a one year low of C$2.38 and a one year high of C$10.32. The firm has a market cap of C$3.64 billion, a P/E ratio of -53.16 and a beta of 2.02. The stock has a 50-day moving average of C$7.65 and a 200-day moving average of C$6.00.

Taseko Mines (TSE:TKO) last issued its quarterly earnings data on Thursday, November 13th. The company reported C$0.02 EPS for the quarter. The company had revenue of C$173.91 million during the quarter. Taseko Mines had a net margin of 12.69% and a return on equity of 16.33%. Sell-side analysts forecast that Taseko Mines will post 0.2801932 EPS for the current fiscal year.

Taseko Mines Company Profile

Taseko Mines Ltd is a Canadian mining company. It is principally engaged in the production and sale of metals, as well as related activities, including exploration and mine development, within the province of British Columbia, Canada, and the State of Arizona, the United States. The Gibraltar, Aley, New Prosperity, and Harmony properties are located in British Columbia whereas Florence copper is in central Arizona.