Stifel Canada Predicts Stronger Earnings for Taseko Mines

Taseko Mines Limited (NYSE:TGB - Free Report) - Research analysts at Stifel Canada raised their FY2025 EPS estimates for Taseko Mines in a report released on Sunday, December 15th. Stifel Canada analyst C. Mcgill now expects that the company will post earnings per share of $0.23 for the year, up from their previous forecast of $0.16. The consensus estimate for Taseko Mines' current full-year earnings is $0.14 per share.

Taseko Mines (NYSE:TGB - Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.02). The firm 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%.

TGB has been the subject of a number of other reports. StockNews.com raised shares of Taseko Mines from a "sell" rating to a "hold" rating in a report on Wednesday, December 11th. National Bank Financial raised shares of Taseko Mines from a "sector perform" rating to an "outperform" rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $3.50.

Taseko Mines Stock Performance

Shares of TGB stock traded down $0.10 during mid-day trading on Wednesday, hitting $1.92. The stock had a trading volume of 3,470,055 shares, compared to its average volume of 2,994,553. Taseko Mines has a fifty-two week low of $1.27 and a fifty-two week high of $3.15. The company's 50-day simple moving average is $2.20 and its 200-day simple moving average is $2.27. The firm has a market cap of $584.68 million, a PE ratio of 10.11 and a beta of 1.72. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.71 and a quick ratio of 1.05.

Institutional Investors Weigh In On Taseko Mines

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC boosted its stake in Taseko Mines by 82.3% during the 3rd quarter. Tidal Investments LLC now owns 13,693,081 shares of the company's stock valued at $34,507,000 after acquiring an additional 6,182,981 shares during the last quarter. Bank of Montreal Can boosted its position in Taseko Mines by 296.8% during the 3rd quarter. Bank of Montreal Can now owns 3,160,574 shares of the company's stock worth $8,225,000 after acquiring an additional 2,364,116 shares during the period. Renaissance Technologies LLC lifted its holdings in Taseko Mines by 14.7% in the second quarter. Renaissance Technologies LLC now owns 5,904,270 shares of the company's stock worth $14,465,000 after purchasing an additional 755,192 shares during the period. American Century Companies Inc. boosted its holdings in shares of Taseko Mines by 752.2% in the second quarter. American Century Companies Inc. now owns 703,954 shares of the company's stock valued at $1,734,000 after acquiring an additional 621,352 shares in the last quarter. Finally, ClariVest Asset Management LLC acquired a new stake in Taseko Mines in the second quarter worth approximately $1,192,000. Hedge funds and other institutional investors own 17.94% of the company's stock.

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.