Taseko Mines (TKO) Set to Announce Earnings on Wednesday

Taseko Mines (TSE:TKO) (NYSE:TGB) is set to post its quarterly earnings results after the market closes on Wednesday, February 24th. Analysts expect Taseko Mines to post earnings of C($0.04) per share for the quarter.

Shares of TSE TKO traded down C$0.13 during trading on Tuesday, hitting C$2.44. The company had a trading volume of 571,828 shares, compared to its average volume of 503,114. The stock has a fifty day simple moving average of C$1.79 and a two-hundred day simple moving average of C$1.46. The company has a quick ratio of 1.12, a current ratio of 1.76 and a debt-to-equity ratio of 132.86. The firm has a market capitalization of C$681.26 million and a price-to-earnings ratio of -14.81. Taseko Mines has a fifty-two week low of C$0.28 and a fifty-two week high of C$2.63.

In other Taseko Mines news, Director Robert Allan Dickinson sold 150,000 shares of Taseko Mines stock in a transaction dated Tuesday, February 2nd. The shares were sold at an average price of C$1.81, for a total transaction of C$271,050.00. Following the completion of the sale, the director now directly owns 477,000 shares in the company, valued at C$861,939. Also, Director Russell Edward Hallbauer sold 111,000 shares of Taseko Mines stock in a transaction dated Wednesday, December 9th. The shares were sold at an average price of C$1.37, for a total transaction of C$152,181.00. Following the sale, the director now owns 3,511,848 shares of the company’s stock, valued at C$4,814,743.61. Insiders have sold 530,000 shares of company stock worth $819,536 over the last ninety days.

Several equities analysts have recently weighed in on the stock. TD Securities raised their price target on shares of Taseko Mines from C$1.90 to C$2.00 and gave the stock a “buy” rating in a research note on Tuesday, January 12th. Scotiabank raised their price target on shares of Taseko Mines from C$1.00 to C$1.30 in a research note on Thursday, November 12th. BMO Capital Markets raised their price target on shares of Taseko Mines from C$1.60 to C$1.90 in a research note on Thursday, December 17th. Finally, National Bank Financial set a C$1.75 price target on shares of Taseko Mines and gave the stock a “sector perform” rating in a research note on Tuesday, November 24th.

Taseko Mines Company Profile

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. The company also holds 100% interest in Yellowhead copper project, the Aley niobium project, the Harmony Gold Project, and the New Prosperity gold and copper project situated in British Columbia; and the Florence copper project located in Arizona.

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Earnings History for Taseko Mines (TSE:TKO)

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