Taseko Mines (TSE:TKO) Shares Down 5.9% – Should You Sell?

Shares of Taseko Mines Ltd. (TSE:TKO) fell 5.9% during trading on Thursday. The stock traded as low as C$11.81 and last traded at C$11.89. Approximately 1,634,889 shares were traded during trading, an increase of 24% from the average session volume of 1,313,506 shares. The stock had previously closed at C$12.64.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TKO shares. Jefferies Financial Group set a C$15.00 target price on Taseko Mines and gave the stock a “buy” rating in a research note on Thursday, August 20th. National Bank Financial increased their price target on Taseko Mines from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a report on Tuesday, July 14th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, Taseko Mines presently has an average rating of “Buy” and a consensus price target of C$13.62.

Taseko Mines Trading Up 7.3%

The stock has a market cap of C$4.67 billion, a price-to-earnings ratio of 425.33 and a beta of 2.00. The company’s fifty day moving average is C$11.77 and its two-hundred day moving average is C$10.45.

Taseko Mines (TSE:TKO) last released its quarterly earnings results on Thursday, August 6th. The company reported C$0.11 EPS for the quarter. Taseko Mines had a return on equity of 2.09% and a net margin of 1.60%.The company had revenue of C$330.55 million for the quarter. Analysts predict that Taseko Mines Ltd. will post 0.2801932 EPS for the current year.

Taseko Mines Company Profile

Taseko Mines Ltd is a Canadian mining company. It is principally engaged in the production and sale of metals, as well as related activities, including exploration and mine development, within the province of British Columbia, Canada, and the State of Arizona, the United States. The Gibraltar, Aley, New Prosperity, and Harmony properties are located in British Columbia whereas Florence copper is in central Arizona.