Taseko Mines (TSE:TKO) Stock Price Down 9.7% – Time to Sell?

Taseko Mines Ltd. (TSE:TKO)’s stock price dropped 9.7% during mid-day trading on Thursday . The company traded as low as C$11.10 and last traded at C$11.13. Approximately 828,895 shares traded hands during trading, a decline of 37% from the average daily volume of 1,324,396 shares. The stock had previously closed at C$12.33.

Wall Street Analyst Weigh In

TKO has been the topic of a number of analyst reports. Jefferies Financial Group set a C$15.00 price target on Taseko Mines and gave the company a “buy” rating in a research report on Thursday, August 20th. National Bank Financial raised their price target on Taseko Mines from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 14th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$13.62.

Taseko Mines Price Performance

The stock’s 50-day moving average is C$11.10 and its 200 day moving average is C$10.29. The stock has a market cap of C$4.07 billion, a price-to-earnings ratio of 371.00 and a beta of 2.00.

Taseko Mines (TSE:TKO) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.11 earnings per share for the quarter. The business had revenue of C$330.55 million during the quarter. Taseko Mines had a return on equity of 2.09% and a net margin of 1.60%. Analysts anticipate that Taseko Mines Ltd. will post 0.2801932 EPS for the current year.

About Taseko Mines

Taseko Mines Ltd is a Canadian mining company. It 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. The Gibraltar, Aley, New Prosperity, and Harmony properties are located in British Columbia whereas Florence copper is in central Arizona.