In a report released today, Orest Wowkodaw from Scotiabank reiterated a Hold rating on Taseko Mines (TGB – Research Report), with a price target of C$2.00. The company’s shares closed yesterday at $1.26.
Wowkodaw covers the Basic Materials sector, focusing on stocks such as Hudbay Minerals, Ero Copper, and Teck Resources. According to TipRanks, Wowkodaw has an average return of 14.9% and a 51.02% success rate on recommended stocks.
Taseko Mines has an analyst consensus of Moderate Buy, with a price target consensus of $2.01.
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TGB market cap is currently $319M and has a P/E ratio of 37.50.
Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TGB in relation to earlier this year.
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Taseko Mines (TGB) Company Description:
Taseko Mines Ltd. operates as a mining company, which engages in the acquisition, development, and operation of mineral deposits. Its properties include Gibraltar, Florence copper, Aley niobium, Yellowhead and New Prosperity and Harmony gold-copper projects. The company was founded on April 15, 1966 and is headquartered in Vancouver, Canada.
Read More on TGB:
- Taseko Reports $63 Million of Adjusted EBITDA for Third Quarter 2023
- Taseko Mines announces that the UIC permit for Florence Copper is now effective
- TGB Upcoming Earnings Report: What to Expect?
- Taseko Mines reports 35M pounds of copper produced in Q3 in Gibraltar Mine
- Taseko Mines receives final permit for Florence Copper Project
