Q4 EPS Estimates for Taseko Mines Lowered by Analyst

Taseko Mines Limited (NYSE:TGB) – Stock analysts at National Bank Financial decreased their Q4 2024 EPS estimates for shares of Taseko Mines in a research report issued to clients and investors on Tuesday, February 4th. National Bank Financial analyst S. Nagle now expects that the company will post earnings per share of ($0.01) for the quarter, down from their previous forecast of $0.04. National Bank Financial has a “Outperform” rating on the stock. The consensus estimate for Taseko Mines’ current full-year earnings is $0.13 per share.

Taseko Mines (NYSE:TGB) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). Taseko Mines had a net margin of 12.69% and a return on equity of 15.25%. The firm had revenue of $114.08 million during the quarter, compared to the consensus estimate of $112.48 million.

Separately, StockNews.com raised shares of Taseko Mines from a “sell” rating to a “hold” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $3.50.

Taseko Mines Stock Up 4.5 %

Shares of NYSE:TGB opened at $2.09 on Friday. The firm has a fifty day moving average price of $2.00 and a two-hundred day moving average price of $2.15. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.71 and a quick ratio of 1.05. Taseko Mines has a one year low of $1.34 and a one year high of $3.15. The company has a market cap of $636.76 million, a price-to-earnings ratio of 11.00 and a beta of 1.70.

Institutional Trading of Taseko Mines

A number of hedge funds have recently made changes to their positions in TGB. Dimensional Fund Advisors LP lifted its holdings in shares of Taseko Mines by 87.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 491,388 shares of the company’s stock worth $1,204,000 after acquiring an additional 229,849 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Taseko Mines by 11.3% during the 2nd quarter. Millennium Management LLC now owns 1,349,795 shares of the company’s stock worth $3,315,000 after acquiring an additional 136,932 shares during the last quarter. Cubist Systematic Strategies LLC lifted 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 worth $239,000 after acquiring an additional 36,010 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Taseko Mines during the 3rd quarter worth $38,000. Finally, Dynamic Advisor Solutions LLC lifted its holdings in shares of Taseko Mines by 7.3% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 103,682 shares of the company’s stock worth $261,000 after acquiring an additional 7,070 shares during the last quarter. 17.94% of the stock is owned by institutional investors.

About Taseko Mines

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.