FY2025 EPS Estimates for Taseko Mines Decreased by Analyst

Taseko Mines Limited (NYSE:TGB) – Equities researchers at National Bank Financial lowered their FY2025 EPS estimates for Taseko Mines in a report issued on Monday, December 9th. National Bank Financial analyst S. Nagle now forecasts that the company will earn $0.13 per share for the year, down from their prior 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.

Separately, StockNews.com upgraded shares of Taseko Mines from a “sell” rating to a “hold” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $3.50.

Taseko Mines Stock Performance

Shares of NYSE TGB opened at $2.17 on Wednesday. The business’s 50-day simple moving average is $2.25 and its 200-day simple moving average is $2.29. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.05 and a current ratio of 1.71. Taseko Mines has a 52 week low of $1.14 and a 52 week high of $3.15. The firm has a market cap of $660.81 million, a price-to-earnings ratio of 11.42 and a beta of 1.72.

Taseko Mines (NYSE:TGB) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). Taseko Mines had a return on equity of 15.25% and a net margin of 12.69%. The firm had revenue of $114.08 million during the quarter, compared to analyst estimates of $112.48 million.

Institutional Trading of Taseko Mines

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC grew its stake in shares of Taseko Mines by 82.3% in the third quarter. Tidal Investments LLC now owns 13,693,081 shares of the company’s stock worth $34,507,000 after acquiring an additional 6,182,981 shares during the last quarter. Barclays PLC boosted its holdings in Taseko Mines by 353.3% in the 3rd quarter. Barclays PLC now owns 79,323 shares of the company’s stock valued at $200,000 after purchasing an additional 61,823 shares during the period. Toronto Dominion Bank boosted its holdings in Taseko Mines by 2,033.2% in the 3rd quarter. Toronto Dominion Bank now owns 52,242 shares of the company’s stock valued at $132,000 after purchasing an additional 49,793 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Taseko Mines during the 3rd quarter worth about $223,000. Finally, Quantinno Capital Management LP acquired a new position in shares of Taseko Mines during the third quarter valued at about $38,000. Institutional investors and hedge funds 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.