National Bank Financial Reiterates “C$14.50” Price Target for Taseko Mines (TSE:TKO)

Taseko Mines (TSE:TKO) has been assigned a C$14.50 price target by analysts at National Bank Financial in a report released on Tuesday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 18.85% from the stock’s current price.

Separately, Jefferies Financial Group set a C$15.00 price objective on shares of Taseko Mines and gave the company a “buy” rating in a research report on Thursday, August 20th. Four investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$14.00.

Taseko Mines Price Performance

TKO traded down C$0.42 during trading on Tuesday, reaching C$12.20. The company had a trading volume of 630,890 shares, compared to its average volume of 1,304,021. Taseko Mines has a 12 month low of C$5.17 and a 12 month high of C$13.60. The business’s fifty day moving average price is C$12.10 and its 200 day moving average price is C$10.63. The company has a market cap of C$4.47 billion, a P/E ratio of 406.67 and a beta of 1.79.

Taseko Mines (TSE:TKO) last released its quarterly earnings results on Thursday, August 6th. The company reported C$0.11 earnings per share for the quarter. Taseko Mines had a net margin of 1.60% and a return on equity of 2.09%. The company had revenue of C$330.55 million during the quarter. As a group, sell-side analysts predict that Taseko Mines will post 0.28 EPS for the current fiscal 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.