Taseko Mines Ltd (TSE:TKO) Price Target Lowered to C$1.50 at Scotiabank
Taseko Mines Ltd (TSE:TKO) (NYSE:TGB) had its price objective lowered by equities researchers at Scotiabank from C$1.70 to C$1.50 in a research note issued to investors on Friday. The firm currently has an “underperform” rating on the stock. Scotiabank’s price target would suggest a potential downside of 23.47% from the company’s previous close.
Other research analysts have also recently issued research reports about the company. TD Securities decreased their price target on Taseko Mines from C$2.00 to C$1.90 and set a “hold” rating on the stock in a research report on Friday, June 16th. National Bank Financial decreased their price target on Taseko Mines from C$2.20 to C$2.10 and set a “sector perform” rating on the stock in a research report on Monday, July 24th. Finally, Royal Bank Of Canada raised their price target on Taseko Mines from C$1.50 to C$1.75 and gave the stock a “sector perform” rating in a research report on Friday, May 5th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of C$1.68.
Taseko Mines (TSE:TKO) traded down 1.02% during midday trading on Friday, hitting $1.94. 243,561 shares of the stock traded hands. Taseko Mines has a 12-month low of $0.55 and a 12-month high of $2.12. The firm’s 50 day moving average is $1.66 and its 200-day moving average is $1.70. The stock’s market capitalization is $438.73 million.
In other Taseko Mines news, insider Stuart David Mcdonald bought 40,000 shares of the firm’s stock in a transaction on Monday, June 26th. The shares were purchased at an average price of C$1.60 per share, for a total transaction of C$64,000.00.
About Taseko Mines
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 mine located in central British Columbia. The company also has interests in the Aley niobium, Harmony gold, and New Prosperity gold-copper projects situated in British Columbia; and the Florence copper project located in central Arizona.
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