FY2024 EPS Estimates for Taseko Mines Lowered by Analyst

Taseko Mines Limited (NYSE:TGB) – Equities researchers at National Bank Financial reduced their FY2024 EPS estimates for shares of Taseko Mines in a research report issued on Monday, October 14th. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings per share of $0.14 for the year, down from their prior forecast of $0.17. The consensus estimate for Taseko Mines’ current full-year earnings is $0.18 per share.

Taseko Mines (NYSE:TGB) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.10. Taseko Mines had a return on equity of 18.82% and a net margin of 13.07%. The company had revenue of $100.66 million during the quarter, compared to analyst estimates of $88.01 million.

Taseko Mines Price Performance

Shares of Taseko Mines stock opened at $2.40 on Thursday. The stock has a market cap of $700.25 million, a price-to-earnings ratio of 9.98 and a beta of 1.74. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.34 and a current ratio of 2.09. The stock has a 50 day moving average price of $2.29 and a 200-day moving average price of $2.40. Taseko Mines has a one year low of $1.05 and a one year high of $3.15.

Institutional Investors Weigh In On Taseko Mines

Several institutional investors have recently made changes to their positions in TGB. Quantbot Technologies LP purchased a new stake in Taseko Mines in the 1st quarter worth about $307,000. CANADA LIFE ASSURANCE Co raised its holdings in shares of Taseko Mines by 1,135.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 142,436 shares of the company’s stock worth $306,000 after buying an additional 130,905 shares during the period. Herr Investment Group LLC bought a new stake in shares of Taseko Mines during the 1st quarter worth approximately $326,000. Tidal Investments LLC bought a new stake in shares of Taseko Mines during the 1st quarter worth approximately $3,508,000. Finally, Keystone Wealth Services LLC purchased a new position in Taseko Mines during the 2nd quarter valued at $37,000. 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.