Taseko Mines (TSE:TKO) Releases Earnings Results

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

Taseko Mines Price Performance

TSE TKO opened at C$10.56 on Thursday. The stock has a market capitalization of C$3.87 billion, a P/E ratio of 352.00 and a beta of 1.50. The firm’s 50-day moving average is C$11.76 and its two-hundred day moving average is C$10.62. Taseko Mines has a 12 month low of C$5.51 and a 12 month high of C$13.60.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TKO. Jefferies Financial Group set a C$15.00 target price on Taseko Mines and gave the company 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 report on Tuesday, October 13th. Four analysts have rated the stock with a Buy rating. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target 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.