Analysts Set Expectations for Taseko Mines FY2024 Earnings

Taseko Mines Limited (NYSE:TGB) – Equities researchers at Stifel Canada decreased their FY2024 earnings per share estimates for shares of Taseko Mines in a report released on Thursday, January 23rd. Stifel Canada analyst C. Mcgill now forecasts that the company will post earnings of $0.13 per share for the year, down from their previous forecast 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.

Taseko Mines (NYSE:TGB) last issued its quarterly earnings data 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 return on equity of 15.25% and a net margin of 12.69%. The firm had revenue of $114.08 million during the quarter, compared to the consensus estimate of $112.48 million.

A number of other research analysts also recently commented on TGB. StockNews.com raised shares of Taseko Mines from a “sell” rating to a “hold” rating in a report on Wednesday, December 11th. National Bank Financial raised Taseko Mines from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Taseko Mines presently has an average rating of “Buy” and an average target price of $3.50.

Taseko Mines Trading Up 0.5 %

Shares of Taseko Mines stock opened at $1.99 on Friday. Taseko Mines has a 1-year low of $1.33 and a 1-year high of $3.15. The company’s fifty day simple moving average is $2.02 and its 200-day simple moving average is $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. The stock has a market capitalization of $606.03 million, a PE ratio of 10.47 and a beta of 1.72.

Institutional Trading of Taseko Mines

Large investors have recently modified their holdings of the company. Dakota Wealth Management increased its stake in Taseko Mines by 1.5% during the 3rd quarter. Dakota Wealth Management now owns 457,939 shares of the company’s stock valued at $1,154,000 after purchasing an additional 6,973 shares in the last quarter. Dynamic Advisor Solutions LLC increased its position in shares of Taseko Mines by 7.3% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 103,682 shares of the company’s stock valued at $261,000 after acquiring an additional 7,070 shares during the period. Signaturefd LLC raised its stake in Taseko Mines by 21.9% in the 3rd quarter. Signaturefd LLC now owns 46,808 shares of the company’s stock worth $118,000 after acquiring an additional 8,397 shares during the last quarter. Quantinno Capital Management LP acquired a new stake in Taseko Mines during the 3rd quarter worth about $38,000. Finally, Abacus Wealth Partners LLC purchased a new stake in Taseko Mines during the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 17.94% of the company’s stock.

Taseko Mines Company Profile

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.