Jefferies Financial Group Analysts Give Taseko Mines (TSE:TKO) a C$15.00 Price Target

Jefferies Financial Group set a C$15.00 price target on Taseko Mines (TSE:TKO) in a research report sent to investors on Thursday, MarketBeat reports. The brokerage currently has a buy rating on the stock.

Separately, National Bank Financial upped their price target on shares of Taseko Mines from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 14th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$13.62.

Taseko Mines Stock Up 5.5%

Shares of TSE TKO opened at C$12.64 on Thursday. The company has a market cap of C$4.63 billion, a price-to-earnings ratio of 421.33 and a beta of 1.86. Taseko Mines has a 12 month low of C$4.28 and a 12 month high of C$12.82. The business has a fifty day simple moving average of C$10.45 and a 200-day simple moving average of C$10.17.

Taseko Mines (TSE:TKO) last announced its earnings results on Thursday, August 6th. The company reported C$0.11 EPS for the quarter. Taseko Mines had a return on equity of 2.09% and a net margin of 1.60%.The company had revenue of C$330.55 million for the quarter. As a group, sell-side analysts expect that Taseko Mines will post 0.2801932 EPS for the current fiscal year.

Insider Activity at Taseko Mines

In other news, insider Brian Lee Bergot sold 82,000 shares of Taseko Mines stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of C$11.34, for a total value of C$929,880.00. Following the completion of the sale, the insider directly owned 211,811 shares of the company’s stock, valued at approximately C$2,401,936.74. This trade represents a 27.91% decrease in their position. Company insiders own 2.58% of the company’s stock.

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.