Taseko Mines (TSE:TKO) Stock Crosses Below 200 Day Moving Average of $2.09

Taseko Mines Limited (TSE:TKO – Get Rating) (NYSE:TGB)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$2.09 and traded as low as C$1.95. Taseko Mines shares last traded at C$1.98, with a volume of 331,973 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. TD Securities increased their price target on Taseko Mines from C$2.50 to C$2.75 and gave the stock a “buy” rating in a report on Monday, February 27th. BMO Capital Markets raised their target price on Taseko Mines from C$2.50 to C$2.75 in a research report on Monday, February 6th. Scotiabank decreased their price objective on Taseko Mines from C$2.75 to C$2.50 in a report on Friday, May 5th. Finally, National Bankshares decreased their price objective on Taseko Mines from C$2.75 to C$2.50 and set a “sector perform” rating for the company in a report on Friday, May 5th.

Taseko Mines Trading Up 1.5 %

The company has a current ratio of 2.14, a quick ratio of 1.38 and a debt-to-equity ratio of 164.58. The stock has a fifty day moving average of C$2.17 and a two-hundred day moving average of C$2.09. The company has a market capitalization of C$571.07 million, a PE ratio of -22.00, a PEG ratio of 0.47 and a beta of 2.01.

Taseko Mines (TSE:TKO – Get Rating) (NYSE:TGB) last posted its earnings results on Thursday, February 23rd. The company reported C$0.02 earnings per share (EPS) for the quarter. Taseko Mines had a negative return on equity of 7.27% and a negative net margin of 6.63%. The firm had revenue of C$100.62 million for the quarter. As a group, sell-side analysts anticipate that Taseko Mines Limited will post 0.0808 earnings per share for the current fiscal year.

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.