Shares of Taseko Mines Ltd. (TSE:TKO – Get Free Report) dropped 9.7% during trading on Thursday . The company traded as low as C$11.10 and last traded at C$11.13. Approximately 828,895 shares traded hands during trading, a decline of 37% from the average daily volume of 1,324,396 shares. The stock had previously closed at C$12.33.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on TKO. Jefferies Financial Group set a C$15.00 price target on shares of Taseko Mines and gave the stock a “buy” rating in a research report on Thursday, August 20th. National Bank Financial upped their target price on Taseko Mines from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 14th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, Taseko Mines currently has an average rating of “Buy” and an average target price of C$13.62.
Check Out Our Latest Stock Analysis on TKO
Taseko Mines Price Performance
Taseko Mines (TSE:TKO – Get Free Report) last released its 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 business had revenue of C$330.55 million for the quarter. On average, research analysts anticipate that Taseko Mines Ltd. will post 0.2801932 earnings per share 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.
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