Stifel Canada Decreases Earnings Estimates for Taseko Mines

Taseko Mines Ltd. (TSE:TKO - Free Report) - Investment analysts at Stifel Canada lowered their FY2025 earnings estimates for shares of Taseko Mines in a research report issued on Tuesday, October 15th. Stifel Canada analyst C. Mcgill now anticipates that the company will post earnings per share of $0.22 for the year, down from their previous estimate of $0.25. The consensus estimate for Taseko Mines' current full-year earnings is $0.28 per share.

Separately, National Bankshares upped their price objective on Taseko Mines from C$4.25 to C$4.50 in a research report on Friday, October 4th.

Taseko Mines Price Performance

Shares of TKO stock traded down C$0.05 on Thursday, hitting C$3.27. The company's stock had a trading volume of 144,332 shares, compared to its average volume of 422,369. Taseko Mines has a fifty-two week low of C$1.45 and a fifty-two week high of C$4.20. The company has a market cap of C$959.25 million, a P/E ratio of 19.24 and a beta of 1.92. The business has a 50 day simple moving average of C$3.10.

Taseko Mines (TSE:TKO - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$0.10 EPS for the quarter, beating analysts' consensus estimates of C($0.04) by C$0.14. The business had revenue of C$137.73 million for the quarter, compared to analyst estimates of C$121.00 million. Taseko Mines had a net margin of 8.05% and a return on equity of 11.36%.

Insiders Place Their Bets

In other news, Director Russell Edward Hallbauer purchased 25,000 shares of the business's stock in a transaction on Wednesday, August 7th. The shares were acquired at an average price of C$2.73 per share, for a total transaction of C$68,250.00. Corporate insiders own 2.58% of the company's stock.

About Taseko Mines

TKO Group Holdings, Inc operates as a sports and entertainment company. It operates through four segments: Media and Content, Live Events, Sponsorships, and Consumer Products Licensing. The company produces live events, television programs, and long-form and short-form video content across various platforms, including broadcast, pay television, and streaming, as well as digital and social media across approximately 170 countries.