FY2019 EPS Estimates for Taseko Mines Ltd (TKO) Decreased by National Bank Financial
Taseko Mines Ltd (TSE:TKO) (NYSE:TGB) – Analysts at National Bank Financial reduced their FY2019 EPS estimates for shares of Taseko Mines in a research note issued to investors on Thursday. National Bank Financial analyst D. Demarco now expects that the company will post earnings of $0.02 per share for the year, down from their prior forecast of $0.04.
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A number of other research analysts have also recently weighed in on the company. Royal Bank Of Canada lifted their price objective on Taseko Mines from C$1.50 to C$1.75 and gave the company a “sector perform” rating in a research report on Friday, May 5th. Scotiabank lifted their price objective on Taseko Mines from C$1.30 to C$1.90 and gave the company a “sector perform” rating in a research report on Friday, February 24th. Finally, TD Securities lifted their price objective on Taseko Mines from C$1.65 to C$2.00 and gave the company a “hold” rating in a research report on Thursday, February 23rd. Five analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average target price of C$1.69.
Shares of Taseko Mines (TSE:TKO) opened at 1.62 on Monday. The firm’s 50-day moving average is $1.64 and its 200 day moving average is $1.56. The stock’s market capitalization is $366.36 million. Taseko Mines has a 12-month low of $0.55 and a 12-month high of $2.12.
In other Taseko Mines news, insider John Mcmanus purchased 16,500 shares of the stock in a transaction that occurred on Thursday, March 16th. The shares were bought at an average cost of C$1.82 per share, with a total value of C$30,030.00.
About Taseko Mines
Taseko Mines Limited is a mining company. The Company is principally 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 projects represent a range of metals, including gold, copper and niobium.
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