Taseko Mines (TKO) Gets a Hold Rating from Scotiabank

Taseko Mines (TSX: TKO), the Materials sector company, has received a rating update from a Wall Street analyst on October 10. Analyst Orest Wowkodaw from Scotiabank reiterated a Hold rating, with a C$1.40 price target on October 10.

According to TipRanks.com, Wowkodaw is a 5-star analyst with an average return of 19.9% and a 52.5% success rate. Wowkodaw covers the Basic Materials sector, focusing on stocks such as Teck Resources Limited, Nevsun Resources Ltd, and Taseko Mines Limited.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Taseko Mines with a C$1.50 average price target.

Taseko Mines’ market cap is currently C$221.5M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.63.

Taseko Mines Ltd. engages in the acquisition, development, and operation of mineral deposits. It focuses on copper assets of Gibraltar Mine located in central British Columbia as well as the Florence copper, Aley niobium, Harmony gold, and New Prosperity gold-copper projects. The company was founded on April 15, 1966 and is headquartered in Vancouver, Canada.

The company’s shares closed on Friday at C$0.97, close to its 52-week low of C$0.90.

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