Stifel Canada Boosts Earnings Estimates for Taseko Mines

Taseko Mines Limited (NYSE:TGB) – Stock analysts at Stifel Canada increased their FY2025 earnings per share estimates for Taseko Mines in a research note issued to investors on Sunday, December 15th. Stifel Canada analyst C. Mcgill now expects that the company will post earnings per share of $0.23 for the year, up from their previous forecast of $0.16. The consensus estimate for Taseko Mines’ current full-year earnings is $0.14 per share.

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

TGB has been the topic of a number of other research reports. National Bank Financial raised shares of Taseko Mines from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 10th. StockNews.com upgraded Taseko Mines from a “sell” rating to a “hold” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $3.50.

Taseko Mines Trading Down 5.0 %

Shares of TGB stock opened at $1.92 on Wednesday. Taseko Mines has a 1-year low of $1.27 and a 1-year high of $3.15. The firm’s 50-day simple moving average is $2.19 and its 200-day simple moving average is $2.26. The firm has a market cap of $584.68 million, a P/E ratio of 10.11 and a beta of 1.72. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.71 and a quick ratio of 1.05.

Institutional Trading of Taseko Mines

A number of institutional investors and hedge funds have recently bought and sold shares of TGB. Tidal Investments LLC lifted its position in Taseko Mines by 82.3% during the third quarter. Tidal Investments LLC now owns 13,693,081 shares of the company’s stock valued at $34,507,000 after buying an additional 6,182,981 shares in the last quarter. Barclays PLC lifted its holdings in shares of Taseko Mines by 353.3% during the 3rd quarter. Barclays PLC now owns 79,323 shares of the company’s stock valued at $200,000 after acquiring an additional 61,823 shares in the last quarter. Toronto Dominion Bank boosted its position in Taseko Mines by 2,033.2% during the 3rd quarter. Toronto Dominion Bank now owns 52,242 shares of the company’s stock worth $132,000 after purchasing an additional 49,793 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Taseko Mines in the 3rd quarter valued at $223,000. Finally, Quantinno Capital Management LP acquired a new stake in Taseko Mines in the 3rd quarter valued at $38,000. Institutional investors and hedge funds 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.