Taseko Mines (TSE:TKO – Get Free Report) received a C$15.00 target price from analysts at Jefferies Financial Group in a report issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 27.23% from the stock’s previous close.
Separately, National Bank Financial raised their price objective on Taseko Mines from C$12.00 to C$13.00 and gave the company an “outperform” rating in a report on Tuesday, July 14th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$13.62.
Taseko Mines Stock Performance
Taseko Mines (TSE:TKO – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.11 EPS for the quarter. Taseko Mines had a net margin of 1.60% and a return on equity of 2.09%. The firm had revenue of C$330.55 million for the quarter. As a group, sell-side analysts expect that Taseko Mines will post 0.2801932 EPS for the current year.
Insider Buying and Selling
In related news, insider Brian Lee Bergot sold 82,000 shares of Taseko Mines stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of C$11.34, for a total transaction of C$929,880.00. Following the completion of the transaction, the insider owned 211,811 shares in the company, valued at approximately C$2,401,936.74. This trade represents a 27.91% decrease in their ownership of the stock. Insiders own 2.58% of the company’s stock.
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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