Taseko Mines (NYSEAMERICAN:TGB) Announces Quarterly Earnings Results

Taseko Mines (NYSEAMERICAN:TGB) released its quarterly earnings data on Wednesday. The company reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11, Zacks reports. The company had revenue of $244.56 million for the quarter. Taseko Mines had a return on equity of 20.00% and a net margin of 6.68%.

Taseko Mines Stock Down 1.4%

NYSEAMERICAN TGB traded down $0.10 during trading on Friday, reaching $6.88. 1,672,120 shares of the company’s stock traded hands, compared to its average volume of 5,720,764. Taseko Mines has a 12-month low of $3.93 and a 12-month high of $9.82. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.24 and a quick ratio of 0.76. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 45.88 and a beta of 1.44. The company’s 50 day simple moving average is $8.33 and its two-hundred day simple moving average is $7.64.

Analyst Ratings Changes

Separately, Jefferies Financial Group started coverage on Taseko Mines in a research report on Thursday, August 20th. They set a “buy” rating on the stock. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Taseko Mines presently has an average rating of “Moderate Buy” and an average price target of $9.00.

Taseko Mines Company Profile

Taseko Mines Limited is a Canadian mining company focused on the acquisition, development and operation of copper and other mineral properties. The company’s primary producing asset is the Gibraltar Mine in British Columbia, one of Canada’s largest open-pit copper-molybdenum mines. Taseko operates Gibraltar in partnership with Cariboo Copper Corp.

The company also holds interests in several development-stage projects. These include the Florence Copper project in Arizona, which is designed to produce copper through an in-situ recovery process, and the Yellowhead copper, gold and silver project in British Columbia.