Taseko Mines Q4 EPS Lowered by National Bank Financial

Taseko Mines Limited (NYSE:TGB) – Stock analysts at National Bank Financial cut their Q4 2024 earnings per share (EPS) estimates for Taseko Mines in a report released on Tuesday, February 4th. National Bank Financial analyst S. Nagle now expects that the company will post earnings of ($0.01) per share for the quarter, down from their prior forecast of $0.04. National Bank Financial currently has a “Outperform” rating on the stock. The consensus estimate for Taseko Mines’ current full-year earnings is $0.13 per share.

Separately, StockNews.com raised Taseko Mines from a “sell” rating to a “hold” rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $3.50.

Taseko Mines Price Performance

Shares of NYSE:TGB opened at $2.00 on Friday. The company has a market cap of $609.34 million, a P/E ratio of 10.94 and a beta of 1.70. The business has a fifty day simple moving average of $2.00 and a 200-day simple moving average of $2.15. Taseko Mines has a 52 week low of $1.34 and a 52 week high of $3.15. The company has a quick ratio of 1.05, a current ratio of 1.71 and a debt-to-equity ratio of 1.48.

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

Institutional Trading of Taseko Mines

A number of institutional investors and hedge funds have recently made changes to their positions in TGB. Quantinno Capital Management LP acquired a new position in Taseko Mines in the third quarter valued at $38,000. Abacus Wealth Partners LLC purchased a new position in shares of Taseko Mines in the 4th quarter worth about $29,000. SG Americas Securities LLC acquired a new position in shares of Taseko Mines in the 3rd quarter valued at about $38,000. Ballentine Partners LLC purchased a new stake in shares of Taseko Mines during the 3rd quarter worth about $42,000. Finally, Capstone Investment Advisors LLC acquired a new stake in Taseko Mines during the 3rd quarter worth approximately $56,000. 17.94% of the stock is currently owned by institutional investors and hedge funds.

Taseko Mines Company Profile

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.