Taseko Mines Q1 EPS Reduced by National Bank Financial

Taseko Mines Limited (NYSE:TGB) – Equities researchers at National Bank Financial lowered their Q1 2025 EPS estimates for Taseko Mines in a research note issued to investors on Thursday, February 20th. National Bank Financial analyst S. Nagle now expects that the company will earn ($0.01) per share for the quarter, down from their previous estimate of $0.03. National Bank Financial has a “Outperform” rating on the stock. The consensus estimate for Taseko Mines’ current full-year earnings is $0.20 per share. National Bank Financial also issued estimates for Taseko Mines’ Q2 2025 earnings at $0.02 EPS and FY2027 earnings at $0.49 EPS.

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

Taseko Mines Stock Down 8.5 %

TGB stock opened at $2.05 on Monday. The company has a market cap of $624.57 million, a price-to-earnings ratio of -68.33 and a beta of 1.70. The company has a current ratio of 1.71, a quick ratio of 1.05 and a debt-to-equity ratio of 1.48. Taseko Mines has a 12 month low of $1.46 and a 12 month high of $3.15. The firm has a 50-day moving average of $2.02 and a two-hundred day moving average of $2.15.

Hedge Funds Weigh In On Taseko Mines

Several institutional investors have recently modified their holdings of TGB. Tidal Investments LLC lifted its position in Taseko Mines by 82.3% in the third quarter. Tidal Investments LLC now owns 13,693,081 shares of the company’s stock valued at $34,507,000 after acquiring an additional 6,182,981 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Taseko Mines by 2.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,725,601 shares of the company’s stock worth $20,880,000 after buying an additional 297,403 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in Taseko Mines by 52.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,301,466 shares of the company’s stock worth $18,095,000 after buying an additional 3,217,385 shares during the period. Renaissance Technologies LLC grew its position in Taseko Mines by 15.6% during the fourth quarter. Renaissance Technologies LLC now owns 6,676,370 shares of the company’s stock worth $12,952,000 after buying an additional 900,400 shares during the period. Finally, Bank of Montreal Can grew its position in Taseko Mines by 296.8% during the third quarter. Bank of Montreal Can now owns 3,160,574 shares of the company’s stock worth $8,225,000 after buying an additional 2,364,116 shares during the period. Institutional investors and hedge funds own 17.94% of the company’s stock.

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.