National Bankshares Forecasts Strong Price Appreciation for Taseko Mines (TSE:TKO) Stock

Taseko Mines (TSE:TKO) had its price objective raised by equities researchers at National Bankshares from C$8.50 to C$13.50 in a research note issued on Thursday,BayStreet.CA reports. National Bankshares’ target price suggests a potential upside of 17.60% from the stock’s current price.

Separately, TD Securities raised their target price on Taseko Mines from C$6.50 to C$12.00 in a research note on Thursday, January 22nd. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$10.25.

Taseko Mines Trading Up 2.3%

TKO stock traded up C$0.26 during midday trading on Thursday, reaching C$11.48. The stock had a trading volume of 1,332,248 shares, compared to its average volume of 1,627,198. Taseko Mines has a 52-week low of C$2.38 and a 52-week high of C$12.15. The company’s fifty day simple moving average is C$8.11 and its 200 day simple moving average is C$6.21. The company has a market cap of C$4.14 billion, a price-to-earnings ratio of -60.42 and a beta of 2.02.

Taseko Mines (TSE:TKO) last released its quarterly earnings data on Thursday, November 13th. The company reported C$0.02 EPS for the quarter. The company had revenue of C$173.91 million during the quarter. Taseko Mines had a net margin of 12.69% and a return on equity of 16.33%. Sell-side analysts predict that Taseko Mines will post 0.2801932 EPS for the current 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.