TD Securities Increases Taseko Mines (TSE:TKO) Price Target to C$2.75

Taseko Mines (TSE:TKOGet Rating) (NYSE:TGB) had its target price hoisted by TD Securities from C$2.50 to C$2.75 in a report published on Monday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages have also recently commented on TKO. BMO Capital Markets raised their target price on Taseko Mines from C$2.50 to C$2.75 in a report on Monday, February 6th. Stifel Nicolaus raised their target price on Taseko Mines from C$2.60 to C$2.90 in a report on Monday, January 9th. Canaccord Genuity Group set a C$3.30 target price on Taseko Mines and gave the stock a buy rating in a report on Tuesday, November 22nd. Finally, National Bankshares raised their target price on Taseko Mines from C$2.40 to C$2.50 and gave the stock a sector perform rating in a report on Monday, February 13th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of C$2.80.

Taseko Mines Price Performance

TSE TKO opened at C$2.24 on Monday. Taseko Mines has a 1-year low of C$1.15 and a 1-year high of C$3.00. The business’s fifty day moving average price is C$2.23 and its 200-day moving average price is C$1.82. The stock has a market capitalization of C$641.54 million, a price-to-earnings ratio of -56.00, a PEG ratio of 0.47 and a beta of 2.08. The company has a debt-to-equity ratio of 164.58, a current ratio of 2.14 and a quick ratio of 1.38.

Insiders Place Their Bets

In other Taseko Mines news, Director Russell Edward Hallbauer sold 49,700 shares of the stock in a transaction on Tuesday, January 31st. The stock was sold at an average price of C$2.37, for a total value of C$117,789.00. Following the completion of the sale, the director now owns 2,537,048 shares in the company, valued at approximately C$6,012,803.76. 3.08% of the stock is currently owned by company insiders.

Taseko Mines Company Profile

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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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