National Bankshares Boosts Taseko Mines (TSE:TKO) Price Target to C$4.50

Taseko Mines (TSE:TKO) had its price objective raised by analysts at National Bankshares from C$4.25 to C$4.50 in a research report issued to clients and investors on Friday, BayStreet.CA reports. National Bankshares’ target price points to a potential upside of 26.76% from the stock’s previous close.

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

Taseko Mines Stock Up 2.9 %

Shares of TSE:TKO traded up C$0.10 during trading on Friday, hitting C$3.55. 274,596 shares of the stock were exchanged, compared to its average volume of 427,429. Taseko Mines has a 1-year low of C$1.45 and a 1-year high of C$4.20. The stock has a market capitalization of C$1.04 billion, a P/E ratio of 20.94 and a beta of 1.91. The company has a fifty day moving average price of C$2.99.

Taseko Mines (TSE:TKO) last posted its earnings results on Wednesday, July 31st. The company reported C$0.10 EPS for the quarter, topping 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 the consensus estimate of C$121.00 million. Taseko Mines had a return on equity of 11.36% and a net margin of 8.05%. As a group, analysts forecast that Taseko Mines will post 0.2798092 earnings per share for the current year.

Insider Buying and Selling at Taseko Mines

In other news, Director Russell Edward Hallbauer bought 25,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was bought at an average price of C$2.73 per share, for a total transaction of C$68,250.00. Corporate insiders own 2.58% of the company’s stock.

About Taseko Mines

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.