FY2025 EPS Estimates for Taseko Mines Lowered by Analyst

Taseko Mines Limited (NYSE:TGB - Free Report) - Investment analysts at National Bank Financial cut their FY2025 earnings per share estimates for Taseko Mines in a research report issued on Monday, December 9th. National Bank Financial analyst S. Nagle now expects that the company will post earnings of $0.13 per share for the year, down from their previous estimate of $0.17. National Bank Financial has a "Outperform" rating on the stock. The consensus estimate for Taseko Mines' current full-year earnings is $0.16 per share.

Taseko Mines (NYSE:TGB - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). The business had revenue of $114.08 million for 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%.

Separately, StockNews.com downgraded Taseko Mines from a "hold" rating to a "sell" rating in a research note on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Taseko Mines presently has an average rating of "Moderate Buy" and a consensus target price of $3.50.

Taseko Mines Trading Up 2.8 %

Shares of Taseko Mines stock traded up $0.06 on Wednesday, hitting $2.17. The stock had a trading volume of 3,975,164 shares, compared to its average volume of 2,989,084. The stock has a 50 day moving average of $2.25 and a 200 day moving average of $2.29. Taseko Mines has a twelve month low of $1.14 and a twelve month high of $3.15. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.05 and a current ratio of 1.71. The firm has a market capitalization of $660.81 million, a P/E ratio of 11.13 and a beta of 1.72.

Institutional Trading of Taseko Mines

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Taseko Mines during the 3rd quarter worth approximately $38,000. Quantinno Capital Management LP bought a new position in shares of Taseko Mines during the 3rd quarter worth approximately $38,000. Ballentine Partners LLC bought a new position in shares of Taseko Mines during the 3rd quarter worth approximately $42,000. Capstone Investment Advisors LLC bought a new position in shares of Taseko Mines during the 3rd quarter worth approximately $56,000. Finally, Signaturefd LLC boosted its holdings in shares of Taseko Mines by 21.9% during the 3rd quarter. Signaturefd LLC now owns 46,808 shares of the company's stock worth $118,000 after buying an additional 8,397 shares in the last quarter. Institutional investors and hedge funds 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.