Taseko Mines Limited (TSE:TKO) had its price target cut by CIBC from C$3.90 to C$2.50 in a research note issued to investors on Monday, American Banking and Market News reports. The firm currently has a sector perform rating on the stock.
CIBC has also updated their ratings on a number of other stocks in the last week. The firm reiterated its sector underperform rating on shares of Allied Nevada Gold. They have a $3.00 price target on that stock. Also, CIBC lowered its price target on shares of Canadian National Railway from $113.00 to $110.00. They have a sector perform rating on that stock. Finally, CIBC upgraded shares of Gold Fields from an underperform rating to a sector perform rating.
A number of other firms have also recently commented on TKO. Analysts at TD Securities raised their price target on shares of Taseko Mines Limited from C$3.00 to C$3.25 in a research note to investors on Friday, September 13th. They now have a buy rating on the stock. Separately, analysts at Scotiabank cut their price target on shares of Taseko Mines Limited from C$3.40 to C$3.15 in a research note to investors on Thursday, August 8th. They now have an outperform rating on the stock. Finally, analysts at Laurentian cut their price target on shares of Taseko Mines Limited from C$3.60 to C$3.40 in a research note to investors on Friday, July 26th. They now have a buy rating on the stock. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Taseko Mines Limited currently has a consensus rating of Buy and a consensus target price of C$3.60.
Shares of Taseko Mines Limited (TSE:TKO) traded up 0.47% during mid-day trading on Monday, hitting $2.13. The stock had a trading volume of 836 shares. Taseko Mines Limited has a one year low of $1.88 and a one year high of $3.48. The stock has a 50-day moving average of $2.1 and a 200-day moving average of $2.31. The company’s market cap is $410.2 million.
Taseko Mines Limited (TSE:TKO) is a mining company that generally seeks to acquire, develop, and operate mineral deposits.
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