National Bankshares Forecasts Strong Price Appreciation for Taseko Mines (TSE:TKO) Stock

Taseko Mines (TSE:TKO) had its target price upped by equities researchers at National Bankshares from C$8.50 to C$13.50 in a report released on Thursday,BayStreet.CA reports. National Bankshares’ price target indicates a potential upside of 17.60% from the company’s current price.

Separately, TD Securities increased their price objective on Taseko Mines from C$6.50 to C$12.00 in a research note on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Taseko Mines has an average rating of “Buy” and a consensus price target of C$10.25.

Taseko Mines Trading Up 2.3%

Taseko Mines stock traded up C$0.26 during midday trading on Thursday, reaching C$11.48. 1,332,248 shares of the stock traded hands, compared to its average volume of 1,627,198. The firm has a market cap of C$4.14 billion, a PE ratio of -60.42 and a beta of 2.02. The company has a 50-day simple moving average of C$8.11 and a two-hundred day simple moving average of C$6.21. Taseko Mines has a 12-month low of C$2.38 and a 12-month high of C$12.15.

Taseko Mines (TSE:TKO) last issued its quarterly earnings results on Thursday, November 13th. The company reported C$0.02 earnings per share (EPS) for the quarter. The business had revenue of C$173.91 million for the quarter. Taseko Mines had a net margin of 12.69% and a return on equity of 16.33%. Equities research analysts anticipate that Taseko Mines will post 0.2801932 earnings per share for the current year.

About Taseko Mines

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.