BMO Capital Markets Boosts Taseko Mines (TSE:TKO) Price Target to C$2.50

Taseko Mines (TSE:TKO) (NYSE:TGB) had its price target increased by BMO Capital Markets from C$1.90 to C$2.50 in a research note issued to investors on Tuesday, BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 1.21% from the stock’s previous close.

A number of other research firms have also issued reports on TKO. TD Securities upped their target price on Taseko Mines from C$1.90 to C$2.00 and gave the company a “buy” rating in a research note on Tuesday, January 12th. Scotiabank increased their price target on Taseko Mines from C$1.00 to C$1.30 in a research note on Thursday, November 12th. Finally, National Bank Financial set a C$1.75 price objective on Taseko Mines and gave the stock a “sector perform” rating in a report on Tuesday, November 24th.

TKO stock traded down C$0.10 on Tuesday, reaching C$2.47. The company had a trading volume of 1,267,036 shares, compared to its average volume of 534,440. Taseko Mines has a 1 year low of C$0.28 and a 1 year high of C$2.63. The company has a debt-to-equity ratio of 132.86, a quick ratio of 1.12 and a current ratio of 1.76. The company’s fifty day moving average is C$1.79 and its 200 day moving average is C$1.46. The company has a market cap of C$689.63 million and a P/E ratio of -15.38.

In other Taseko Mines news, Senior Officer Trevor Thomas sold 26,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 16th. The shares were sold at an average price of C$1.45, for a total value of C$37,700.00. Following the sale, the insider now owns 57,558 shares in the company, valued at C$83,459.10. Also, Senior Officer Robert John Rotzinger sold 78,000 shares of the firm’s stock in a transaction that occurred on Monday, December 21st. The shares were sold at an average price of C$1.60, for a total transaction of C$124,800.00. Following the completion of the sale, the insider now owns 91,500 shares in the company, valued at approximately C$146,400. Over the last three months, insiders sold 530,000 shares of company stock valued at $819,536.

About Taseko Mines

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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