In a report released today, Alex Terentiew from Stifel Nicolaus reiterated a Buy rating on Taseko Mines (TGB – Research Report), with a price target of C$3.60. The company’s shares closed yesterday at $1.34.
According to TipRanks, Terentiew is an analyst with an average return of -9.6% and a 27.03% success rate. Terentiew covers the Basic Materials sector, focusing on stocks such as Taseko Mines, First Quantum Minerals, and Teck Resources.
In addition to Stifel Nicolaus, Taseko Mines also received a Buy from BMO Capital’s Rene Cartier in a report issued yesterday. However, on November 3, Scotiabank assigned a Hold rating to Taseko Mines (NYSE MKT: TGB).
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Based on Taseko Mines’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $117.35 million and a net profit of $9.99 million. In comparison, last year the company earned a revenue of $97.9 million and had a net profit of $31.71 million
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
