Stifel Canada Decreases Earnings Estimates for Taseko Mines

Taseko Mines Limited (NYSE:TGB) – Equities researchers at Stifel Canada cut their FY2026 earnings per share (EPS) estimates for Taseko Mines in a report issued on Sunday, December 15th. Stifel Canada analyst C. Mcgill now forecasts that the company will post earnings of $0.18 per share for the year, down from their prior forecast of $0.20. The consensus estimate for Taseko Mines’ current full-year earnings is $0.14 per share. Stifel Canada also issued estimates for Taseko Mines’ FY2027 earnings at $0.39 EPS.

Taseko Mines (NYSE:TGB) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 earnings per share 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 during the quarter, compared to analysts’ expectations of $112.48 million.

Other analysts also recently issued research reports about the stock. National Bank Financial upgraded shares of Taseko Mines from a “sector perform” rating to an “outperform” rating in a report on Tuesday, December 10th. StockNews.com raised 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 assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $3.50.

Taseko Mines Stock Performance

NYSE:TGB opened at $1.92 on Tuesday. The company has a market cap of $584.68 million, a P/E ratio of 10.11 and a beta of 1.72. Taseko Mines has a twelve month low of $1.27 and a twelve month high of $3.15. The company’s 50-day moving average price is $2.19 and its 200-day moving average price 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.

Institutional Trading of Taseko Mines

Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Taseko Mines during the 3rd quarter valued at approximately $38,000. Quantinno Capital Management LP purchased a new stake in Taseko Mines in the third quarter valued at $38,000. Ballentine Partners LLC purchased a new stake in Taseko Mines in the third quarter valued at $42,000. Capstone Investment Advisors LLC acquired a new position in shares of Taseko Mines in the 3rd quarter valued at $56,000. Finally, Signaturefd LLC grew its holdings in shares of Taseko Mines by 21.9% during the 3rd quarter. Signaturefd LLC now owns 46,808 shares of the company’s stock worth $118,000 after purchasing an additional 8,397 shares during the period. Hedge funds and other institutional investors own 17.94% of the company’s stock.

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.