National Bank Financial upgraded shares of Taseko Mines (TSE:TKO) (NYSE:TGB) from a sector perform rating to an outperform rating in a report issued on Tuesday morning. The firm currently has C$2.75 price objective on the stock, down from their previous price objective of C$3.00. National Bank Financial also issued estimates for Taseko Mines’ Q1 2018 earnings at $0.02 EPS, FY2018 earnings at $0.07 EPS and FY2019 earnings at $0.28 EPS.
Several other brokerages have also issued reports on TKO. BMO Capital Markets increased their price target on Taseko Mines from C$2.60 to C$3.25 in a report on Monday, December 18th. Scotiabank cut their price target on Taseko Mines from C$2.25 to C$1.60 and set an underperform rating on the stock in a report on Friday, February 23rd. TD Securities cut their price target on Taseko Mines from C$3.00 to C$2.50 and set a hold rating on the stock in a report on Friday, February 23rd. Finally, Paradigm Capital cut their price target on Taseko Mines from C$2.60 to C$2.30 in a report on Friday, February 23rd.
Shares of TSE:TKO opened at C$1.53 on Tuesday. Taseko Mines has a 52-week low of C$1.36 and a 52-week high of C$2.98.
Taseko Mines (TSE:TKO) (NYSE:TGB) last announced its quarterly earnings results on Wednesday, February 21st. The company reported C($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.07 by C($0.08). The firm had revenue of C$95.41 million during the quarter. Taseko Mines had a return on equity of 21.86% and a net margin of 25.65%.
In related news, insider Brian Battison bought 20,000 shares of the company’s stock in a transaction dated Friday, March 23rd. The shares were bought at an average price of C$1.58 per share, for a total transaction of C$31,600.00. Also, insider John Mcmanus bought 29,650 shares of the company’s stock in a transaction dated Monday, March 5th. The stock was bought at an average price of C$1.65 per share, for a total transaction of C$48,922.50. Insiders bought 82,700 shares of company stock worth $136,127 in the last 90 days.
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Taseko Mines Company Profile
Taseko Mines Limited is a mining company. The Company 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. Its projects represent a range of metals, including gold, copper and niobium.
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