FY2024 EPS Estimate for Taseko Mines Decreased by Analyst

Taseko Mines Ltd. (TSE:TKO - Free Report) - Equities researchers at National Bank Financial cut their FY2024 EPS estimates for Taseko Mines in a research report issued on Monday, December 9th. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings per share of $0.19 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 upgraded Taseko Mines from a "sector perform" rating to an "outperform" rating and reduced their target price for the stock from C$4.50 to C$4.25 in a research note on Tuesday.

Taseko Mines Stock Down 2.6 %

Shares of TKO stock traded down C$0.08 on Thursday, reaching C$2.98. 394,174 shares of the company's stock were exchanged, compared to its average volume of 414,818. The business has a fifty day moving average of C$3.11. Taseko Mines has a 52 week low of C$1.56 and a 52 week high of C$4.20. The company has a market cap of C$874.18 million, a PE ratio of 17.53 and a beta of 1.92.

Insiders Place Their Bets

In other news, Director Russell Edward Hallbauer purchased 100,000 shares of the business's 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. 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.