National Bank Financial Upgrades Taseko Mines (TSE:TKO) to “Strong-Buy”

Taseko Mines (TSE:TKO) was upgraded by stock analysts at National Bank Financial from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports. National Bank Financial also issued estimates for Taseko Mines’ FY2025 earnings at $0.18 EPS.

Separately, National Bankshares raised shares of Taseko Mines from a “sector perform” rating to an “outperform” rating and reduced their target price for the stock from C$4.50 to C$4.25 in a report on Tuesday.

Taseko Mines Price Performance

TSE:TKO opened at C$2.99 on Monday. The company has a market capitalization of C$877.12 million, a price-to-earnings ratio of 17.59 and a beta of 1.92. Taseko Mines has a 12-month low of C$1.56 and a 12-month high of C$4.20. The company has a 50 day simple moving average of C$3.13.

Insiders Place Their Bets

In related news, Director Russell Edward Hallbauer purchased 100,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was acquired at an average price of C$2.83 per share, with a total value of C$283,000.00. Company insiders own 2.58% of the company’s stock.

About Taseko Mines

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