Taseko Mines Ltd (TSE:TKO) (NYSE:TGB)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.72 and traded as low as $0.55. Taseko Mines shares last traded at $0.56, with a volume of 59,377 shares traded.

A number of analysts have recently issued reports on TKO shares. BMO Capital Markets reaffirmed an “outperform” rating and set a C$1.00 price target on shares of Taseko Mines in a report on Friday, July 5th. National Bank Financial reduced their price target on shares of Taseko Mines from C$1.50 to C$1.25 and set an “outperform” rating for the company in a research note on Friday, June 28th. Finally, TD Securities cut shares of Taseko Mines from a “speculative buy” rating to a “hold” rating and decreased their price objective for the company from C$1.30 to C$0.85 in a report on Monday, July 22nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of C$1.22.

The company has a current ratio of 1.66, a quick ratio of 0.82 and a debt-to-equity ratio of 109.29. The stock has a market capitalization of $137.87 million and a PE ratio of -3.97. The stock has a 50 day moving average price of C$0.56 and a 200-day moving average price of C$0.71.

Taseko Mines (TSE:TKO) (NYSE:TGB) last posted its earnings results on Wednesday, August 7th. The company reported C($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.02) by C($0.05). The business had revenue of C$86.52 million during the quarter. Research analysts forecast that Taseko Mines Ltd will post -0.02 earnings per share for the current year.

In other news, Director Russell Edward Hallbauer purchased 180,000 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was acquired at an average cost of C$0.54 per share, for a total transaction of C$97,200.00. Following the purchase, the director now directly owns 3,511,848 shares in the company, valued at approximately C$1,896,397.92.

About Taseko Mines (TSE:TKO)

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties in Canada and the United States. The company explores for copper, molybdenum, gold, niobium, and silver deposits. It holds a 75% interest in the Gibraltar copper-molybdenum mine located in south-central British Columbia.

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