Taseko Mines (TGB) Stock Price Down 7.7%
Shares of Taseko Mines Ltd (NYSEAMERICAN:TGB) (TSE:TKO) traded down 7.7% during mid-day trading on Thursday . The stock traded as low as $0.59 and last traded at $0.60. 670,664 shares changed hands during mid-day trading, a decline of 2% from the average session volume of 684,945 shares. The stock had previously closed at $0.65.
Several analysts have issued reports on the company. TheStreet lowered Taseko Mines from a “c-” rating to a “d” rating in a research note on Friday, August 31st. Zacks Investment Research upgraded Taseko Mines from a “sell” rating to a “hold” rating in a research note on Wednesday, November 28th. Finally, National Bank Financial reiterated a “buy” rating on shares of Taseko Mines in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $0.75.
Taseko Mines (NYSEAMERICAN:TGB) (TSE:TKO) last released its quarterly earnings data on Wednesday, October 31st. The mining company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The company had revenue of $56.85 million during the quarter.
Taseko Mines Company Profile (NYSEAMERICAN:TGB)
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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