Taseko Mines FY2024 EPS Cut by National Bank Financial

Taseko Mines Limited (NYSE:TGB) – Equities research analysts at National Bank Financial reduced their FY2024 earnings estimates for shares of Taseko Mines in a research report issued on Tuesday, February 4th. National Bank Financial analyst S. Nagle now forecasts that the company will earn $0.10 per share for the year, down from their prior forecast of $0.13. National Bank Financial currently has a “Outperform” rating on the stock. The consensus estimate for Taseko Mines’ current full-year earnings is $0.13 per share. National Bank Financial also issued estimates for Taseko Mines’ FY2025 earnings at $0.12 EPS.

Separately, StockNews.com raised shares of Taseko Mines from a “sell” rating to a “hold” rating in a 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Taseko Mines has a consensus rating of “Buy” and an average target price of $3.50.

Taseko Mines Stock Up 1.0 %

TGB stock opened at $2.00 on Thursday. Taseko Mines has a 52 week low of $1.34 and a 52 week high of $3.15. The business has a 50-day simple moving average of $2.00 and a 200 day simple moving average of $2.15. The company has a quick ratio of 1.05, a current ratio of 1.71 and a debt-to-equity ratio of 1.48. The company has a market cap of $609.34 million, a PE ratio of 10.53 and a beta of 1.70.

Taseko Mines (NYSE:TGB) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The company 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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Abacus Wealth Partners LLC acquired a new stake in shares of Taseko Mines during the 4th quarter valued at $29,000. SG Americas Securities LLC bought a new position in Taseko Mines in the third quarter valued at about $38,000. Quantinno Capital Management LP acquired a new stake in shares of Taseko Mines during the third quarter valued at about $38,000. Ballentine Partners LLC bought a new stake in shares of Taseko Mines during the third quarter worth about $42,000. Finally, Capstone Investment Advisors LLC acquired a new position in shares of Taseko Mines in the third quarter valued at approximately $56,000. Institutional investors 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.