Taseko Mines (TSE:TKO) Releases Quarterly Earnings Results

Taseko Mines (TSE:TKO) issued its quarterly earnings results on Wednesday. The company reported C$0.15 EPS for the quarter, FiscalAI reports. The business had revenue of C$342.22 million during the quarter. Taseko Mines had a net margin of 1.60% and a return on equity of 2.09%.

Taseko Mines Price Performance

Shares of TKO stock opened at C$9.79 on Friday. The firm has a market cap of C$3.58 billion, a P/E ratio of 326.33 and a beta of 1.50. Taseko Mines has a 1-year low of C$5.51 and a 1-year high of C$13.60. The firm’s 50-day simple moving average is C$11.70 and its 200-day simple moving average is C$10.62.

Analyst Ratings Changes

TKO has been the topic of a number of analyst reports. Jefferies Financial Group set a C$15.00 target price on shares of Taseko Mines and gave the stock a “buy” rating in a research report on Thursday, August 20th. National Bank Financial set a C$14.50 price target on Taseko Mines and gave the stock an “outperform” rating in a research note on Tuesday, October 13th. Four equities research analysts have rated the stock with a Buy rating. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$14.00.

Taseko Mines Company Profile

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.