Taseko Mines (TGB) Trading Up 1.2%
Taseko Mines Ltd (NYSEAMERICAN:TGB) (TSE:TKO) shares were up 1.2% during mid-day trading on Monday . The company traded as high as $0.82 and last traded at $0.83. Approximately 10,320 shares changed hands during trading, a decline of 99% from the average daily volume of 804,476 shares. The stock had previously closed at $0.82.
A number of research analysts recently issued reports on TGB shares. Zacks Investment Research upgraded Taseko Mines from a “sell” rating to a “hold” rating in a report on Thursday, August 30th. TD Securities upgraded Taseko Mines from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. Finally, TheStreet downgraded Taseko Mines from a “c-” rating to a “d” rating in a research note on Friday, August 31st. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Taseko Mines has an average rating of “Buy” and an average price target of $0.75.
Taseko Mines (NYSEAMERICAN:TGB) (TSE:TKO) last posted its quarterly earnings results on Tuesday, August 7th. The mining company reported $0.01 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.01. The firm had revenue of $73.06 million during the quarter. Taseko Mines had a negative return on equity of 8.19% and a negative net margin of 7.97%.
About Taseko Mines (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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