Taseko Mines FY2024 EPS Lowered by National Bank Financial

Taseko Mines Limited (NYSE:TGB - Free Report) - National Bank Financial reduced their FY2024 earnings per share (EPS) estimates for shares of Taseko Mines in a research note issued on Monday, October 14th. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings of $0.14 per share for the year, down from their previous estimate of $0.17. The consensus estimate for Taseko Mines' current full-year earnings is $0.18 per share.

Taseko Mines (NYSE:TGB - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.10. Taseko Mines had a return on equity of 18.82% and a net margin of 13.07%. The business had revenue of $100.66 million during the quarter, compared to analyst estimates of $88.01 million.

Taseko Mines Stock Down 1.7 %

NYSE:TGB traded down $0.04 during trading hours on Thursday, reaching $2.37. 2,044,055 shares of the stock were exchanged, compared to its average volume of 2,756,551. Taseko Mines has a twelve month low of $1.05 and a twelve month high of $3.15. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.09 and a quick ratio of 1.34. The firm has a 50 day moving average of $2.27 and a 200 day moving average of $2.40. The stock has a market cap of $711.47 million, a PE ratio of 12.68 and a beta of 1.74.

Institutional Investors Weigh In On Taseko Mines

A number of large investors have recently added to or reduced their stakes in the business. American Century Companies Inc. grew its holdings in shares of Taseko Mines by 752.2% during the 2nd quarter. American Century Companies Inc. now owns 703,954 shares of the company's stock worth $1,734,000 after purchasing an additional 621,352 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Taseko Mines by 87.9% in the second quarter. Dimensional Fund Advisors LP now owns 491,388 shares of the company's stock valued at $1,204,000 after purchasing an additional 229,849 shares during the last quarter. Renaissance Technologies LLC raised its position in Taseko Mines by 14.7% in the second quarter. Renaissance Technologies LLC now owns 5,904,270 shares of the company's stock valued at $14,465,000 after purchasing an additional 755,192 shares during the last quarter. ClariVest Asset Management LLC bought a new position in Taseko Mines in the second quarter valued at about $1,192,000. Finally, Cubist Systematic Strategies LLC raised its position in shares of Taseko Mines by 58.6% during the second quarter. Cubist Systematic Strategies LLC now owns 97,497 shares of the company's stock worth $239,000 after acquiring an additional 36,010 shares during the last quarter. Institutional investors own 17.94% 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.