FY2024 EPS Estimate for Taseko Mines Lowered by Analyst

Taseko Mines Ltd. (TSE:TKO - Free Report) - Equities research analysts at National Bank Financial dropped their FY2024 EPS estimates for shares of Taseko Mines in a report issued on Tuesday, February 4th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings of $0.15 per share for the year, down from their prior forecast of $0.19. 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.

Separately, National Bankshares upgraded Taseko Mines from a "sector perform" rating to an "outperform" rating and dropped their target price for the stock from C$4.50 to C$4.25 in a research report on Tuesday, December 10th.

Taseko Mines Trading Up 5.3 %

Shares of TKO traded up C$0.15 during midday trading on Thursday, reaching C$3.00. The stock had a trading volume of 836,183 shares, compared to its average volume of 413,222. The company has a market capitalization of C$880.05 million, a price-to-earnings ratio of 17.65 and a beta of 1.92. The company's 50-day moving average is C$2.87 and its 200 day moving average is C$2.99. Taseko Mines has a 12-month low of C$1.81 and a 12-month high of C$4.20.

Taseko Mines (TSE:TKO - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported C$0.03 EPS for the quarter. Taseko Mines had a return on equity of 11.36% and a net margin of 8.05%. During the same period in the previous year, the firm earned $0.07 EPS.

Insiders Place Their Bets

In other news, Director Anu Dhir acquired 44,000 shares of the firm's stock in a transaction on Monday, January 13th. The shares were purchased at an average price 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 company's stock in a transaction dated Thursday, November 14th. The shares were purchased at an average price of C$2.83 per share, with a total value of C$283,000.00. 2.58% of the stock is currently owned by insiders.

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.