Taseko Mines (TSE:TKO – Get Rating) (NYSE:TGB) had its price objective dropped by equities research analysts at Scotiabank from C$2.00 to C$1.75 in a note issued to investors on Wednesday, BayStreet.CA reports. Scotiabank's price target would indicate a potential upside of 19.86% from the stock's previous close.

Several other research firms have also weighed in on TKO. Stifel Nicolaus dropped their price objective on shares of Taseko Mines from C$3.40 to C$2.50 in a report on Tuesday, July 19th. TD Securities lowered their target price on shares of Taseko Mines from C$3.75 to C$3.25 and set a "buy" rating for the company in a report on Friday, May 6th. BMO Capital Markets cut their price objective on shares of Taseko Mines from C$2.75 to C$2.50 in a research report on Tuesday. Finally, National Bankshares cut their price objective on shares of Taseko Mines from C$1.85 to C$1.70 and set a "sector perform" rating on the stock in a research report on Tuesday, July 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of C$2.35.

Taseko Mines Stock Down 0.7 %

TKO stock opened at C$1.46 on Wednesday. Taseko Mines has a 52-week low of C$1.15 and a 52-week high of C$3.00. The company has a debt-to-equity ratio of 143.79, a current ratio of 3.06 and a quick ratio of 2.33. The stock has a market capitalization of C$417.98 million and a price-to-earnings ratio of 8.11. The company has a 50-day moving average of C$1.49 and a two-hundred day moving average of C$2.13.

Taseko Mines Company Profile

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. It also holds 100% interest in Yellowhead copper project, the Aley niobium project, and the New Prosperity gold and copper project located in British Columbia; and the Florence copper project located in Arizona.

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