FY2025 EPS Estimates for Taseko Mines Boosted by Analyst

Taseko Mines Limited (NYSE:TGB) – Investment analysts at Stifel Canada lifted their FY2025 EPS estimates for Taseko Mines in a research note issued to investors on Sunday, December 15th. Stifel Canada analyst C. Mcgill now expects that the company will post earnings of $0.23 per share for the year, up from their previous estimate of $0.16. The consensus estimate for Taseko Mines’ current full-year earnings is $0.14 per share.

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

Taseko Mines Stock Performance

TGB opened at $1.91 on Wednesday. Taseko Mines has a twelve month low of $1.27 and a twelve month high of $3.15. The stock has a market cap of $581.64 million, a PE ratio of 10.05 and a beta of 1.72. The business’s 50 day moving average is $2.17 and its 200-day moving average is $2.26. The company has a current ratio of 1.71, a quick ratio of 1.05 and a debt-to-equity ratio of 1.48.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. ClariVest Asset Management LLC bought a new stake in Taseko Mines in the second quarter worth about $1,192,000. American Century Companies Inc. lifted its stake in Taseko Mines by 752.2% during the second quarter. American Century Companies Inc. now owns 703,954 shares of the company’s stock valued at $1,734,000 after purchasing an additional 621,352 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Taseko Mines by 87.9% during the second quarter. Dimensional Fund Advisors LP now owns 491,388 shares of the company’s stock worth $1,204,000 after buying an additional 229,849 shares in the last quarter. Renaissance Technologies LLC grew its position in Taseko Mines by 14.7% in the second quarter. Renaissance Technologies LLC now owns 5,904,270 shares of the company’s stock worth $14,465,000 after buying an additional 755,192 shares during the last quarter. Finally, XTX Topco Ltd increased its holdings in shares of Taseko Mines by 990.3% in the second quarter. XTX Topco Ltd now owns 164,510 shares of the company’s stock valued at $403,000 after buying an additional 149,421 shares in the last quarter. 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.