Analysts Set $1.31 Price Target for Taseko Mines Limited (NASDAQ:TGB)

Shares of Taseko Mines Limited (NASDAQ:TGB) have been given an average broker rating score of 2.00 (Buy) from the four brokers that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation and two have assigned a strong buy recommendation to the company. Taseko Mines’ rating score has declined by 19.8% in the last three months as a result of a number of analysts’ upgrades and downgrades.

Brokers have set a 12 month consensus price objective of $1.31 for the company and are anticipating that the company will post ($0.02) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Taseko Mines an industry rank of 57 out of 256 based on the ratings given to related companies.

Shares of TGB stock traded up $0.01 on Monday, hitting $0.43. 390,300 shares of the stock traded hands, compared to its average volume of 439,704. Taseko Mines has a 52 week low of $0.42 and a 52 week high of $0.85. The business has a 50 day moving average price of $0.50.

Taseko Mines (NASDAQ:TGB) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $52.86 million for the quarter.

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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