Analysts Issue Forecasts for Taseko Mines Q4 Earnings

Taseko Mines Limited (NYSE:TGB) – Equities researchers at National Bank Financial dropped their Q4 2024 earnings estimates for shares of Taseko Mines in a note issued to investors on Tuesday, February 4th. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings per share of ($0.01) for the quarter, down from their previous estimate of $0.04. National Bank Financial 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 upgraded Taseko Mines from a “sell” rating to a “hold” rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $3.50.

Taseko Mines Stock Up 1.0 %

Taseko Mines stock opened at $2.00 on Friday. The stock has a 50 day moving average of $2.00 and a two-hundred day moving average of $2.15. Taseko Mines has a twelve month low of $1.34 and a twelve month high of $3.15. The stock has a market capitalization of $609.34 million, a price-to-earnings ratio of 10.94 and a beta of 1.70. The company has a current ratio of 1.71, a quick ratio of 1.05 and a debt-to-equity ratio of 1.48.

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

Institutional Investors Weigh In On Taseko Mines

Institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC raised its stake in shares of Taseko Mines by 82.3% during the 3rd quarter. Tidal Investments LLC now owns 13,693,081 shares of the company’s stock worth $34,507,000 after buying an additional 6,182,981 shares in the last quarter. Bank of Montreal Can raised its position in Taseko Mines by 296.8% in the third quarter. Bank of Montreal Can now owns 3,160,574 shares of the company’s stock worth $8,225,000 after acquiring an additional 2,364,116 shares in the last quarter. Anthracite Investment Company Inc. lifted its holdings in Taseko Mines by 6.5% in the third quarter. Anthracite Investment Company Inc. now owns 1,579,460 shares of the company’s stock valued at $3,980,000 after acquiring an additional 96,000 shares during the period. Millennium Management LLC lifted its holdings in Taseko Mines by 11.3% in the second quarter. Millennium Management LLC now owns 1,349,795 shares of the company’s stock valued at $3,315,000 after acquiring an additional 136,932 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Taseko Mines during the 4th quarter worth $1,070,000. Hedge funds and other institutional investors 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.