National Bank Financial Trims Taseko Mines (TSE:TKO) Target Price to C$1.25

Taseko Mines (TSE:TKO) (NYSE:TGB) had its target price reduced by National Bank Financial from C$1.50 to C$1.25 in a research note issued to investors on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

TKO stock opened at C$0.69 on Friday. The business’s 50-day simple moving average is C$0.69. The company has a current ratio of 1.35, a quick ratio of 0.65 and a debt-to-equity ratio of 100.95. The company has a market capitalization of $157.62 million and a price-to-earnings ratio of -6.27. Taseko Mines has a 1-year low of C$0.60 and a 1-year high of C$1.46.

Taseko Mines (TSE:TKO) (NYSE:TGB) last posted its earnings results on Wednesday, May 8th. The company reported C($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.01) by C($0.05). The business had revenue of C$70.27 million during the quarter. On average, sell-side analysts expect that Taseko Mines will post 0.09 earnings per share for the current year.

Taseko Mines Company Profile

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties in Canada and the United States. The company explores for copper, molybdenum, gold, niobium, and silver deposits. It holds a 75% interest in the Gibraltar copper-molybdenum mine located in south-central British Columbia.

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