Taseko Mines FY2024 EPS Estimate Reduced by Stifel Canada

Taseko Mines Limited (NYSE:TGB) – Stock analysts at Stifel Canada lowered their FY2024 earnings per share (EPS) estimates for shares of Taseko Mines in a research note issued to investors on Thursday, January 23rd. Stifel Canada analyst C. Mcgill now anticipates that the company will earn $0.13 per share for the year, down from their prior estimate of $0.16. The consensus estimate for Taseko Mines’ current full-year earnings is $0.14 per share. Stifel Canada also issued estimates for Taseko Mines’ Q4 2024 earnings at $0.03 EPS and FY2025 earnings at $0.28 EPS.

TGB has been the topic of several other reports. National Bank Financial upgraded Taseko Mines from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 10th. StockNews.com upgraded shares of Taseko Mines from a “sell” rating to a “hold” rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $3.50.

Taseko Mines Stock Up 0.5 %

TGB stock opened at $1.99 on Friday. The company has a market cap of $606.03 million, a price-to-earnings ratio of 10.47 and a beta of 1.72. The company has a fifty day moving average price of $2.02 and a 200 day moving average price of $2.18. 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 12 month low of $1.33 and a 12 month high of $3.15.

Taseko Mines (NYSE:TGB) last released 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). The firm had revenue of $114.08 million for the quarter, compared to analyst estimates of $112.48 million. Taseko Mines had a return on equity of 15.25% and a net margin of 12.69%.

Hedge Funds Weigh In On Taseko Mines

Large investors have recently modified their holdings of the business. American Century Companies Inc. grew its holdings in Taseko Mines by 752.2% during the second quarter. American Century Companies Inc. now owns 703,954 shares of the company’s stock worth $1,734,000 after acquiring an additional 621,352 shares during the period. Dimensional Fund Advisors LP boosted its position 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 purchasing an additional 229,849 shares in the last quarter. XTX Topco Ltd grew its stake in shares of Taseko Mines by 990.3% during the 2nd quarter. XTX Topco Ltd now owns 164,510 shares of the company’s stock worth $403,000 after purchasing an additional 149,421 shares during the period. Bank of Montreal Can increased its holdings in shares of Taseko Mines by 5.3% in the 2nd quarter. Bank of Montreal Can now owns 796,458 shares of the company’s stock valued at $2,131,000 after purchasing an additional 40,053 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its stake in shares of Taseko Mines by 58.6% in the second 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 during the period. 17.94% of the stock is owned by hedge funds and other 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.