Taseko Mines FY2024 EPS Reduced by National Bank Financial

Taseko Mines Limited (NYSE:TGB) – Investment analysts at National Bank Financial reduced their FY2024 EPS estimates for Taseko Mines in a research report issued to clients and investors on Tuesday, February 4th. National Bank Financial analyst S. Nagle now anticipates that the company will earn $0.10 per share for the year, down from their previous estimate of $0.13. National Bank Financial 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 upgraded shares of Taseko Mines from a “sell” rating to a “hold” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $3.50.

Taseko Mines Stock Up 2.1 %

TGB stock opened at $1.98 on Thursday. The stock has a market capitalization of $603.25 million, a P/E ratio of 10.94 and a beta of 1.70. 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 has a 12 month low of $1.34 and a 12 month high of $3.15. The firm has a 50-day moving average price of $2.00 and a 200-day moving average price of $2.15.

Taseko Mines (NYSE:TGB) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate 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 institutional investors have recently added to or reduced their stakes in TGB. Y.D. More Investments Ltd bought a new position in shares of Taseko Mines in the fourth quarter worth approximately $195,000. Dakota Wealth Management lifted its stake in Taseko Mines by 5.0% in the fourth quarter. Dakota Wealth Management now owns 480,777 shares of the company’s stock worth $933,000 after acquiring an additional 22,838 shares during the period. Abacus Wealth Partners LLC purchased a new stake in Taseko Mines in the fourth quarter worth $29,000. Prairiewood Capital LLC purchased a new position in Taseko Mines during the fourth quarter valued at $76,000. Finally, Tidal Investments LLC lifted its position in Taseko Mines by 82.3% during the third quarter. Tidal Investments LLC now owns 13,693,081 shares of the company’s stock valued at $34,507,000 after buying an additional 6,182,981 shares during the period. 17.94% of the stock is owned by hedge funds and other institutional investors.

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.