Taseko Mines Ltd (NYSEAMERICAN:TGB) (TSE:TKO) traded down 8% during trading on Thursday . The stock traded as low as $0.80 and last traded at $0.80. 1,625,528 shares were traded during mid-day trading, an increase of 90% from the average session volume of 856,961 shares. The stock had previously closed at $0.87.
Several equities research analysts have commented on the company. Zacks Investment Research lowered Taseko Mines from a “hold” rating to a “sell” rating in a research report on Tuesday, July 17th. National Bank Financial upgraded Taseko Mines from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, April 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Taseko Mines presently has an average rating of “Hold” and a consensus price target of $2.50.
Taseko Mines (NYSEAMERICAN:TGB) (TSE:TKO) last announced its earnings results on Wednesday, May 2nd. The mining company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.07). Taseko Mines had a negative net margin of 7.97% and a negative return on equity of 8.19%. The business had revenue of $64.18 million for the quarter, compared to analysts’ expectations of $75.95 million. During the same quarter last year, the business earned $0.07 EPS. The company’s quarterly revenue was down 38.5% on a year-over-year basis.
Taseko Mines Company Profile
Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties in Canada and the United States. The company explores for copper, molybdenum, gold, niobium, and silver deposits. It holds a 75% interest in the Gibraltar copper-molybdenum mine located in south-central British Columbia.
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