Brokerages Expect Taseko Mines Limited (NYSE:TGB) Will Post Earnings of $0.05 Per Share

Brokerages expect that Taseko Mines Limited (NYSE:TGBGet Rating) will announce earnings per share (EPS) of $0.05 for the current quarter, according to Zacks. Zero analysts have made estimates for Taseko Mines’ earnings. Taseko Mines posted earnings of ($0.01) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 600%. The firm is scheduled to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Taseko Mines will report full year earnings of $0.19 per share for the current financial year, with EPS estimates ranging from $0.14 to $0.24. For the next year, analysts expect that the company will report earnings of $0.23 per share, with EPS estimates ranging from $0.19 to $0.26. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Taseko Mines.

Separately, StockNews.com downgraded Taseko Mines from a “buy” rating to a “hold” rating in a report on Tuesday.

NYSE TGB traded down $0.14 on Thursday, reaching $2.13. 382,668 shares of the company were exchanged, compared to its average volume of 1,957,780. Taseko Mines has a fifty-two week low of $1.49 and a fifty-two week high of $2.67. The company has a debt-to-equity ratio of 1.43, a quick ratio of 2.49 and a current ratio of 3.26. The firm has a market capitalization of $609.14 million, a P/E ratio of 21.30 and a beta of 2.24.

About Taseko Mines (Get Rating)

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. The company explores for copper, molybdenum, gold, niobium, and silver deposits. It holds 75% interest in the Gibraltar mine located in British Columbia. It also holds 100% interest in 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.

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