Canaccord Genuity Group assumed coverage on shares of Taseko Mines (NYSEAMERICAN:TGB – Get Rating) (TSE:TKO) in a research report sent to investors on Tuesday morning, The Fly reports. The firm issued a buy rating on the mining company’s stock.
Other equities analysts have also recently issued reports about the company. BMO Capital Markets reduced their target price on Taseko Mines from C$2.75 to C$2.50 in a research note on Tuesday, August 9th. National Bank Financial increased their target price on Taseko Mines from C$1.75 to C$2.00 in a research note on Thursday, October 13th. Stifel Nicolaus reduced their price objective on Taseko Mines from C$2.50 to C$2.40 in a research note on Friday, November 4th. Finally, Scotiabank raised their price objective on Taseko Mines from C$1.75 to C$2.00 in a research note on Thursday, October 13th.
Taseko Mines Trading Up 7.1 %
Taseko Mines stock opened at $1.35 on Tuesday. The company has a market cap of $386.61 million, a PE ratio of 13.50 and a beta of 2.21. The company has a debt-to-equity ratio of 1.43, a current ratio of 3.26 and a quick ratio of 2.49. Taseko Mines has a 52 week low of $0.89 and a 52 week high of $2.41.
Institutional Investors Weigh In On Taseko Mines
About Taseko Mines
Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. The company explores for copper, molybdenum, gold, niobium, and silver deposits. It holds 75% interest in the Gibraltar mine located in British Columbia. It also holds 100% interest in Yellowhead copper project, the Aley niobium project, and the New Prosperity gold and copper project located in British Columbia; and the Florence copper project located in Arizona.
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