Taseko Mines (TSE:TKO) Releases Quarterly Earnings Results

Taseko Mines (TSE:TKO) issued its quarterly earnings data on Wednesday. The company reported C$0.15 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$342.22 million for the quarter. Taseko Mines had a return on equity of 2.09% and a net margin of 1.60%.

Taseko Mines Stock Performance

TKO stock traded up C$0.15 during mid-day trading on Wednesday, reaching C$10.56. 986,726 shares of the stock traded hands, compared to its average volume of 1,285,571. Taseko Mines has a one year low of C$5.51 and a one year high of C$13.60. The stock has a market capitalization of C$3.87 billion, a PE ratio of 352.00 and a beta of 1.50. The business has a 50-day moving average price of C$11.82 and a two-hundred day moving average price of C$10.61.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TKO shares. Jefferies Financial Group set a C$15.00 target price on shares of Taseko Mines and gave the company a “buy” rating in a report on Thursday, August 20th. National Bank Financial set a C$14.50 price target on shares of Taseko Mines and gave the company an “outperform” rating in a research note on Tuesday, October 13th. Four equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of C$14.00.

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.