Taseko Mines FY2025 EPS Lowered by National Bank Financial

Taseko Mines Limited (NYSE:TGB) – Equities research analysts at National Bank Financial reduced their FY2025 earnings per share estimates for shares of Taseko Mines in a research report issued on Monday, December 9th. National Bank Financial analyst S. Nagle now anticipates that the company will earn $0.13 per share for the year, down from their previous estimate of $0.17. National Bank Financial currently has a “Outperform” rating on the stock. The consensus estimate for Taseko Mines’ current full-year earnings is $0.16 per share.

Separately, StockNews.com raised shares of Taseko Mines from a “sell” rating to a “hold” rating in a research report on Wednesday. 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, the stock currently has a consensus rating of “Buy” and an average target price of $3.50.

Taseko Mines Stock Down 3.9 %

Shares of NYSE:TGB opened at $2.09 on Wednesday. The company has a current ratio of 1.71, a quick ratio of 1.05 and a debt-to-equity ratio of 1.48. The firm has a 50 day simple moving average of $2.23 and a 200-day simple moving average of $2.29. The company has a market capitalization of $634.93 million, a PE ratio of 10.97 and a beta of 1.72. Taseko Mines has a twelve month low of $1.14 and a twelve month high of $3.15.

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

Institutional Investors Weigh In On Taseko Mines

Several large investors have recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in Taseko Mines in the 3rd quarter valued at $38,000. Quantinno Capital Management LP acquired a new position in Taseko Mines in the third quarter valued at $38,000. Ballentine Partners LLC purchased a new stake in shares of Taseko Mines in the third quarter valued at about $42,000. Capstone Investment Advisors LLC acquired a new stake in shares of Taseko Mines during the third quarter worth about $56,000. Finally, Signaturefd LLC grew its holdings in shares of Taseko Mines by 21.9% during the third quarter. Signaturefd LLC now owns 46,808 shares of the company’s stock worth $118,000 after buying an additional 8,397 shares during the last quarter. 17.94% of the stock is owned by institutional investors and hedge funds.

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.