National Bank Financial Weighs in on Taseko Mines Limited’s FY2025 Earnings (NYSE:TGB)

Taseko Mines Limited (NYSE:TGB) – Investment analysts at National Bank Financial upped their FY2025 EPS estimates for shares of Taseko Mines in a note issued to investors on Monday, October 14th. National Bank Financial analyst S. Nagle now expects that the company will post earnings of $0.24 per share for the year, up from their previous estimate of $0.20. The consensus estimate for Taseko Mines’ current full-year earnings is $0.18 per share.

Taseko Mines Trading Up 0.8 %

NYSE TGB opened at $2.41 on Wednesday. The company has a current ratio of 2.09, a quick ratio of 1.34 and a debt-to-equity ratio of 1.57. Taseko Mines has a 1-year low of $1.05 and a 1-year high of $3.15. The firm’s fifty day simple moving average is $2.27 and its 200-day simple moving average is $2.40. The company has a market capitalization of $723.48 million, a PE ratio of 12.25 and a beta of 1.74.

Taseko Mines (NYSE:TGB) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.10. The firm had revenue of $100.66 million for the quarter, compared to analyst estimates of $88.01 million. Taseko Mines had a net margin of 13.07% and a return on equity of 18.82%.

Institutional Investors Weigh In On Taseko Mines

Several institutional investors have recently made changes to their positions in the company. Dynamic Advisor Solutions LLC increased its holdings in Taseko Mines by 7.3% in the third quarter. Dynamic Advisor Solutions LLC now owns 103,682 shares of the company’s stock worth $261,000 after buying an additional 7,070 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Taseko Mines during the 3rd quarter worth $38,000. Cubist Systematic Strategies LLC raised its holdings in shares of Taseko Mines by 58.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 97,497 shares of the company’s stock valued at $239,000 after purchasing an additional 36,010 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Taseko Mines in the 2nd quarter valued at $157,000. Finally, Millennium Management LLC boosted its holdings in Taseko Mines by 11.3% in the second quarter. Millennium Management LLC now owns 1,349,795 shares of the company’s stock worth $3,315,000 after purchasing an additional 136,932 shares in the last quarter. 17.94% of the stock is currently owned by institutional investors and hedge funds.

Taseko Mines Company Profile

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. It explores for copper, molybdenum, gold, niobium, and silver deposits. The company's principal asset comprises 100% interest owned the Gibraltar mine located in British Columbia. It also holds interest in the Yellowhead copper project, the Aley niobium project, and the New Prosperity gold and copper project located in British Columbia; and the Florence copper project located in Arizona.