Taseko Mines Ltd (TKO) to Post Q3 2016 Earnings of ($0.08) Per Share, Raymond James Financial Forecasts
Taseko Mines Ltd (TSE:TKO) – Equities researchers at Raymond James Financial reduced their Q3 2016 EPS estimates for Taseko Mines in a research note issued on Thursday. Raymond James Financial analyst A. Terentiew now anticipates that the brokerage will earn ($0.08) per share for the quarter, down from their previous forecast of ($0.06). Raymond James Financial also issued estimates for Taseko Mines’ Q4 2016 earnings at ($0.06) EPS, FY2016 earnings at ($0.31) EPS, Q1 2017 earnings at ($0.05) EPS, Q2 2017 earnings at ($0.04) EPS, Q3 2017 earnings at ($0.03) EPS, Q4 2017 earnings at ($0.03) EPS and FY2017 earnings at ($0.14) EPS.
TKO has been the topic of a number of other reports. National Bank Financial raised their price objective on shares of Taseko Mines from C$0.65 to C$0.80 in a report on Monday, July 18th. TD Securities raised their price objective on shares of Taseko Mines from C$0.85 to C$0.90 and gave the stock a “hold” rating in a report on Wednesday, July 27th. Royal Bank Of Canada restated a “sector perform” rating and set a C$1.00 price objective on shares of Taseko Mines in a report on Friday, July 22nd. Finally, Scotiabank restated a “sector perform” rating and set a C$0.80 price objective on shares of Taseko Mines in a report on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of C$0.82.
Shares of Taseko Mines (TSE:TKO) opened at 0.55 on Monday. The company’s market capitalization is $122.01 million. The firm’s 50-day moving average is $0.60 and its 200-day moving average is $0.67. Taseko Mines has a 12-month low of $0.35 and a 12-month high of $0.88.
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Taseko Mines Company Profile
Taseko Mines Limited is a mining company. The Company is engaged in the production and sale of metals, as well as related activities, including exploration and mine development, within the province of British Columbia, Canada and the State of Arizona, the United States. Its operating asset is the Gibraltar Mine, a copper mine located in central British Columbia.
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