Taseko Mines FY2024 EPS Decreased by National Bank Financial

Taseko Mines Ltd. (TSE:TKO) – Investment analysts at National Bank Financial lowered their FY2024 earnings per share (EPS) estimates for shares of Taseko Mines in a research report issued on Monday, December 9th. National Bank Financial analyst S. Nagle now anticipates that the company will earn $0.19 per share for the year, down from their previous forecast of $0.21. National Bank Financial has a “Strong-Buy” rating on the stock. The consensus estimate for Taseko Mines’ current full-year earnings is $0.28 per share. National Bank Financial also issued estimates for Taseko Mines’ FY2026 earnings at $0.32 EPS and FY2027 earnings at $0.71 EPS.

Separately, National Bankshares raised Taseko Mines from a “sector perform” rating to an “outperform” rating and cut their price objective for the company from C$4.50 to C$4.25 in a report on Tuesday.

Taseko Mines Stock Down 0.7 %

Shares of TKO stock opened at C$2.96 on Thursday. The company has a 50-day moving average price of C$3.10. The firm has a market capitalization of C$868.32 million, a price-to-earnings ratio of 17.41 and a beta of 1.92. Taseko Mines has a fifty-two week low of C$1.69 and a fifty-two week high of C$4.20.

Insider Transactions at Taseko Mines

In related news, Director Russell Edward Hallbauer bought 100,000 shares of the stock in a transaction dated Thursday, November 14th. The shares were purchased at an average price of C$2.83 per share, for a total transaction of C$283,000.00. Company insiders own 2.58% 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.