FY2024 EPS Estimates for Taseko Mines Reduced by Analyst

Taseko Mines Ltd. (TSE:TKO) – Stock analysts at Stifel Canada dropped their FY2024 EPS estimates for Taseko Mines in a research note issued on Thursday, January 23rd. Stifel Canada analyst C. Mcgill now forecasts that the company will post earnings of $0.19 per share for the year, down from their prior estimate of $0.22. The consensus estimate for Taseko Mines’ current full-year earnings is $0.28 per share. Stifel Canada also issued estimates for Taseko Mines’ Q4 2024 earnings at $0.04 EPS and FY2025 earnings at $0.40 EPS.

Taseko Mines (TSE:TKO) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$0.03 earnings per share for the quarter. Taseko Mines had a return on equity of 11.36% and a net margin of 8.05%. During the same quarter in the prior year, the business posted $0.07 EPS.

A number of other brokerages have also issued reports on TKO. National Bank Financial upgraded shares of Taseko Mines from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. National Bankshares upgraded shares of Taseko Mines from a “sector perform” rating to an “outperform” rating and decreased their price target for the company from C$4.50 to C$4.25 in a research report on Tuesday, December 10th.

Taseko Mines Stock Performance

Shares of TKO stock opened at C$2.85 on Friday. The firm has a market capitalization of C$836.05 million, a price-to-earnings ratio of 16.76 and a beta of 1.92. The business’s 50-day moving average price is C$2.89 and its 200-day moving average price is C$3.03. Taseko Mines has a 12 month low of C$1.81 and a 12 month high of C$4.20.

Insider Buying and Selling at Taseko Mines

In related news, Director Russell Edward Hallbauer acquired 100,000 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average cost of C$2.83 per share, with a total value of C$283,000.00. Also, Director Anu Dhir bought 44,000 shares of Taseko Mines stock in a transaction that occurred on Monday, January 13th. The stock was bought at an average price of C$0.72 per share, for a total transaction of C$31,680.00. Corporate insiders own 2.58% 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.