Taseko Mines (NYSEAMERICAN:TGB – Get Free Report) announced its earnings results on Wednesday. The company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11, Zacks reports. Taseko Mines had a net margin of 1.59% and a return on equity of 15.33%.
Taseko Mines Stock Performance
NYSEAMERICAN TGB traded up $0.14 during midday trading on Wednesday, hitting $7.56. The company had a trading volume of 4,801,161 shares, compared to its average volume of 5,729,381. The firm has a fifty day simple moving average of $8.42 and a two-hundred day simple moving average of $7.64. Taseko Mines has a fifty-two week low of $3.93 and a fifty-two week high of $9.82. The company has a quick ratio of 0.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.85. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of 378.19 and a beta of 1.44.
Analysts Set New Price Targets
Separately, Jefferies Financial Group initiated coverage on shares of Taseko Mines in a report on Thursday, August 20th. They set a “buy” rating on the stock. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Taseko Mines has an average rating of “Moderate Buy” and an average target price of $9.00.
Get Our Latest Analysis on TGB
Taseko Mines Company Profile
Taseko Mines Limited is a Canadian mining company focused on the acquisition, development and operation of copper and other mineral properties. The company’s primary producing asset is the Gibraltar Mine in British Columbia, one of Canada’s largest open-pit copper-molybdenum mines. Taseko operates Gibraltar in partnership with Cariboo Copper Corp.
The company also holds interests in several development-stage projects. These include the Florence Copper project in Arizona, which is designed to produce copper through an in-situ recovery process, and the Yellowhead copper, gold and silver project in British Columbia.
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