Stifel Canada Boosts Earnings Estimates for Taseko Mines

Taseko Mines Ltd. (TSE:TKO) – Research analysts at Stifel Canada raised their FY2025 earnings per share estimates for Taseko Mines in a note issued to investors on Wednesday, November 12th. Stifel Canada analyst C. Mcgill now expects that the company will earn $0.22 per share for the year, up from their previous estimate of $0.21. The consensus estimate for Taseko Mines’ current full-year earnings is $0.28 per share. Stifel Canada also issued estimates for Taseko Mines’ FY2026 earnings at $0.42 EPS and FY2028 earnings at $0.80 EPS.

Taseko Mines (TSE:TKO) last posted its quarterly earnings results on Thursday, November 13th. The company reported C($0.09) earnings per share for the quarter. The company had revenue of C$173.91 million for the quarter. Taseko Mines had a return on equity of 16.33% and a net margin of 12.69%.

TKO has been the subject of a number of other reports. TD Securities raised shares of Taseko Mines from a “hold” rating to a “buy” rating and raised their price target for the company from C$5.00 to C$6.50 in a report on Thursday, October 23rd. National Bankshares upped their price objective on shares of Taseko Mines from C$6.25 to C$7.25 in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$6.33.

Taseko Mines Trading Up 2.4%

TKO stock opened at C$6.07 on Monday. Taseko Mines has a 52 week low of C$2.38 and a 52 week high of C$6.73. The company’s 50-day moving average price is C$5.72 and its 200 day moving average price is C$4.59. The company has a market cap of C$2.18 billion, a P/E ratio of -60.70 and a beta of 1.88.

Insider Activity at Taseko Mines

In other Taseko Mines news, insider Robert John Rotzinger sold 150,000 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of C$5.07, for a total value of C$759,750.00. Following the completion of the sale, the insider directly owned 131,958 shares in the company, valued at C$668,367.27. This represents a 53.20% decrease in their ownership of the stock. Also, Director Russell Edward Hallbauer sold 30,000 shares of the company’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of C$5.89, for a total value of C$176,700.00. Following the completion of the sale, the director owned 1,802,750 shares of the company’s stock, valued at approximately C$10,618,197.50. This trade represents a 1.64% decrease in their position. Over the last quarter, insiders have sold 184,500 shares of company stock valued at $963,000. Insiders own 2.58% of the company’s stock.

Taseko Mines Company Profile

Taseko Mines Ltd is a Canadian mining company. It is principally engaged in the production and sale of metals, as well as related activities, including exploration and mine development, within the province of British Columbia, Canada, and the State of Arizona, the United States. The Gibraltar, Aley, New Prosperity, and Harmony properties are located in British Columbia whereas Florence copper is in central Arizona.