Analysts Offer Predictions for Taseko Mines FY2024 Earnings

Taseko Mines Limited (NYSE:TGB) – National Bank Financial cut their FY2024 EPS estimates for Taseko Mines in a research note issued to investors on Tuesday, February 4th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings per share of $0.10 for the year, down from their prior forecast of $0.13. National Bank Financial currently 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 raised shares of Taseko Mines from a “sell” rating to a “hold” rating in a research note on Wednesday, December 11th. One equities research 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 company. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $3.50.

Taseko Mines Stock Up 2.1 %

Shares of Taseko Mines stock opened at $1.98 on Thursday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.05 and a current ratio of 1.71. Taseko Mines has a one year low of $1.34 and a one year high of $3.15. The company has a market cap of $603.25 million, a P/E ratio of 10.94 and a beta of 1.70. The firm has a fifty day moving average of $2.00 and a two-hundred day moving average of $2.15.

Taseko Mines (NYSE:TGB) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). The company had revenue of $114.08 million for the quarter, compared to analysts’ expectations of $112.48 million. Taseko Mines had a return on equity of 15.25% and a net margin of 12.69%.

Institutional Investors Weigh In On Taseko Mines

A number of hedge funds have recently added to or reduced their stakes in the stock. Abacus Wealth Partners LLC purchased a new position in Taseko Mines during the 4th quarter valued at about $29,000. SG Americas Securities LLC acquired a new position in shares of Taseko Mines during the third quarter worth approximately $38,000. Quantinno Capital Management LP acquired a new position in shares of Taseko Mines during the third quarter worth approximately $38,000. Ballentine Partners LLC bought a new stake in shares of Taseko Mines during the third quarter valued at approximately $42,000. Finally, Capstone Investment Advisors LLC bought a new stake in shares of Taseko Mines during the third quarter valued at approximately $56,000. 17.94% of the stock is currently owned by institutional investors.

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.