Taseko Mines FY2024 EPS Forecast Reduced by Stifel Canada

Taseko Mines Ltd. (TSE:TKOFree Report) – Stock analysts at Stifel Canada reduced their FY2024 EPS estimates for Taseko Mines in a research note issued on Thursday, January 23rd. Stifel Canada analyst C. Mcgill now forecasts that the company will earn $0.19 per share for the year, down from their prior forecast of $0.22. The consensus estimate for Taseko Mines’ current full-year earnings is $0.28 per share. Stifel Canada also issued estimates for Taseko Mines’ Q4 2024 earnings at $0.04 EPS and FY2025 earnings at $0.40 EPS.

Taseko Mines (TSE:TKOGet Free Report) last announced its earnings results on Wednesday, November 6th. The company reported C$0.03 earnings per share for the quarter. Taseko Mines had a net margin of 8.05% and a return on equity of 11.36%. During the same quarter in the prior year, the company posted $0.07 EPS.

Several other research firms have also recently commented on TKO. National Bankshares raised Taseko Mines from a “sector perform” rating to an “outperform” rating and lowered their target price for the stock from C$4.50 to C$4.25 in a research note on Tuesday, December 10th. National Bank Financial upgraded shares of Taseko Mines from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th.

View Our Latest Research Report on TKO

Taseko Mines Stock Performance

Taseko Mines stock opened at C$2.85 on Friday. The firm has a market capitalization of C$836.05 million, a P/E ratio of 16.76 and a beta of 1.92. Taseko Mines has a twelve month low of C$1.81 and a twelve month high of C$4.20. The stock’s fifty day simple moving average is C$2.89 and its 200-day simple moving average is C$3.02.

Insider Transactions at Taseko Mines

In other Taseko Mines news, Director Russell Edward Hallbauer acquired 100,000 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were acquired at an average price of C$2.83 per share, for a total transaction of C$283,000.00. Also, Director Anu Dhir bought 44,000 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were acquired at an average price of C$0.72 per share, with a total value of C$31,680.00. Corporate insiders own 2.58% of the company’s stock.

Taseko Mines Company Profile

(Get Free Report)

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.

See Also

Earnings History and Estimates for Taseko Mines (TSE:TKO)

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