Analysts Offer Predictions for Taseko Mines FY2024 Earnings

Taseko Mines Ltd. (TSE:TKO - Free Report) - Analysts at Stifel Canada decreased their FY2024 earnings per share (EPS) estimates for shares of Taseko Mines in a report issued on Thursday, January 23rd. Stifel Canada analyst C. Mcgill now anticipates that the company will earn $0.19 per share for the year, down from their previous estimate 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:TKO - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$0.03 earnings per share for the quarter. Taseko Mines had a return on equity of 11.36% and a net margin of 8.05%. During the same quarter in the prior year, the company posted $0.07 earnings per share.

Several other equities research analysts also recently commented on the stock. National Bank Financial upgraded shares of Taseko Mines from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 9th. National Bankshares raised shares of Taseko Mines from a "sector perform" rating to an "outperform" rating and reduced their price objective for the stock from C$4.50 to C$4.25 in a research note on Tuesday, December 10th.

Taseko Mines Stock Performance

Taseko Mines stock remained flat at C$2.85 during mid-day trading on Friday. 305,960 shares of the company's stock were exchanged, compared to its average volume of 380,207. The company has a fifty day moving average of C$2.89 and a two-hundred day moving average of C$3.03. The firm has a market cap of C$836.05 million, a P/E ratio of 16.76 and a beta of 1.92. Taseko Mines has a 1 year low of C$1.81 and a 1 year high of C$4.20.

Insider Buying and Selling at Taseko Mines

In other Taseko Mines news, Director Anu Dhir purchased 44,000 shares of the firm's stock in a transaction on Monday, January 13th. The shares were acquired at an average cost of C$0.72 per share, for a total transaction of C$31,680.00. Also, Director Russell Edward Hallbauer bought 100,000 shares of the stock in a transaction that occurred on 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.