Taseko Mines Receives a Hold from RBC Capital

By Carrie Williams

Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Analyst Stephen Walker from RBC Capital rated Taseko Mines (TSX: TKO) a Hold, setting a C$1.75 price target.

According to TipRanks.com, Walker is a 3-star analyst with an average return of 0.9% and a 47.4% success rate. Walker covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Novagold Resources Inc New.

Taseko Mines has an analyst consensus of Hold, with a price target consensus of C$1.94.

Taseko Mines’ market cap is currently C$382.2M and has a P/E ratio of 0.

Taseko Mines Ltd. engages in the development, exploration and selling of metals . Its exploration projects includes Gibraltar copper-molybdenum mine, New Prosperity gold-copper, Harmony gold, and Aley niobium, located in British Columbia, Canada. The company was founded on April 15, 1966 and is headquartered in Vancouver, Canada.

The company’s shares closed last Monday at $1.67.