Taseko Mines (TSE:TKO) PT Raised to C$4.50 at National Bankshares

Taseko Mines (TSE:TKO) had its price target boosted by equities research analysts at National Bankshares from C$4.25 to C$4.50 in a report issued on Friday, BayStreet.CA reports. National Bankshares’ price objective suggests a potential upside of 25.70% from the stock’s previous close.

Separately, Cantor Fitzgerald raised Taseko Mines to a “strong-buy” rating in a report on Thursday, June 13th.

Taseko Mines Price Performance

TKO stock opened at C$3.58 on Friday. The business has a 50 day simple moving average of C$3.00. Taseko Mines has a 12 month low of C$1.45 and a 12 month high of C$4.20. The company has a market capitalization of C$1.05 billion, a P/E ratio of 21.06 and a beta of 1.91.

Taseko Mines (TSE:TKO) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.04) by C$0.14. The business had revenue of C$137.73 million during the quarter, compared to analyst estimates of C$121.00 million. Taseko Mines had a net margin of 8.05% and a return on equity of 11.36%. As a group, sell-side analysts expect that Taseko Mines will post 0.2798092 earnings per share for the current fiscal year.

Insider Transactions at Taseko Mines

In other news, Director Russell Edward Hallbauer bought 25,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired at an average cost of C$2.73 per share, for a total transaction of C$68,250.00. 2.58% of the stock is owned by corporate insiders.

Taseko Mines Company Profile

TKO Group Holdings, Inc operates as a sports and entertainment company. It operates through four segments: Media and Content, Live Events, Sponsorships, and Consumer Products Licensing. The company produces live events, television programs, and long-form and short-form video content across various platforms, including broadcast, pay television, and streaming, as well as digital and social media across approximately 170 countries.