Taseko Mines (TGB) to Release Quarterly Earnings on Wednesday


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Taseko Mines (NYSEAMERICAN:TGB) (TSE:TKO) will issue its quarterly earnings data after the market closes on Wednesday, February 24th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter.

NYSEAMERICAN TGB traded down $0.11 during mid-day trading on Tuesday, hitting $1.94. The company’s stock had a trading volume of 108,831 shares, compared to its average volume of 3,114,963. Taseko Mines has a 52-week low of $0.20 and a 52-week high of $2.09. The stock’s fifty day simple moving average is $1.26 and its two-hundred day simple moving average is $1.07. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.76 and a quick ratio of 1.15. The firm has a market capitalization of $547.30 million, a P/E ratio of -15.83 and a beta of 2.59.

Several analysts have issued reports on the stock. TD Securities increased their price objective on shares of Taseko Mines from $1.90 to $2.00 and gave the company a “buy” rating in a research report on Tuesday, January 12th. Scotiabank raised shares of Taseko Mines from an “underperform” rating to a “sector perform” rating in a research report on Monday, January 11th. BMO Capital Markets lowered their price objective on shares of Taseko Mines from $1.70 to $1.60 and set an “outperform” rating for the company in a research report on Wednesday, November 18th. Finally, Zacks Investment Research downgraded shares of Taseko Mines from a “buy” rating to a “hold” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $1.73.

Taseko Mines Company Profile

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. The company explores for copper, molybdenum, gold, niobium, and silver deposits. It holds 75% interest in the Gibraltar mine located in British Columbia. The company also holds 100% interest in Yellowhead copper project, the Aley niobium project, the Harmony Gold Project, and the New Prosperity gold and copper project situated in British Columbia; and the Florence copper project located in Arizona.

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Earnings History for Taseko Mines (NYSEAMERICAN:TGB)

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