Taseko Mines (TSE:TKO) Trading Up 7.9%

Taseko Mines Ltd (TSE:TKO) (NYSE:TGB) shares were up 7.9% during trading on Friday . The company traded as high as C$0.71 and last traded at C$0.68. Approximately 245,200 shares changed hands during trading, an increase of 27% from the average daily volume of 193,412 shares. The stock had previously closed at C$0.63.

Separately, TD Securities dropped their target price on Taseko Mines from C$1.60 to C$1.30 and set a “speculative buy” rating on the stock in a research report on Thursday, February 14th.

The stock has a market capitalization of $155.02 million and a PE ratio of -6.36. The company has a quick ratio of 0.65, a current ratio of 1.35 and a debt-to-equity ratio of 100.95.

Taseko Mines (TSE:TKO) (NYSE:TGB) last announced its earnings results on Wednesday, May 8th. The company reported C($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C($0.01) by C($0.05). The firm had revenue of C$70.27 million during the quarter. Analysts predict that Taseko Mines Ltd will post 0.09 EPS for the current fiscal year.

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Taseko Mines Company Profile (TSE:TKO)

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties in Canada and the United States. The company explores for copper, molybdenum, gold, niobium, and silver deposits. It holds a 75% interest in the Gibraltar copper-molybdenum mine located in south-central British Columbia.

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