Stifel Canada Decreases Earnings Estimates for Taseko Mines

Taseko Mines Limited (NYSE:TGB) – Analysts at Stifel Canada reduced their FY2025 EPS estimates for Taseko Mines in a research note issued to investors on Tuesday, October 21st. Stifel Canada analyst C. Mcgill now anticipates that the company will post earnings of $0.15 per share for the year, down from their prior forecast of $0.18. The consensus estimate for Taseko Mines’ current full-year earnings is $0.20 per share. Stifel Canada also issued estimates for Taseko Mines’ FY2027 earnings at $0.54 EPS.

Other equities analysts have also issued reports about the stock. BMO Capital Markets restated an “outperform” rating on shares of Taseko Mines in a report on Friday, August 8th. TD Securities lowered shares of Taseko Mines from a “strong-buy” rating to a “hold” rating and raised their target price for the stock from $3.50 to $5.00 in a research report on Wednesday, July 16th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Taseko Mines has an average rating of “Moderate Buy” and a consensus price target of $5.00.

Taseko Mines Stock Up 5.2%

Shares of NYSE TGB opened at $4.08 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.05 and a debt-to-equity ratio of 1.48. The stock has a market cap of $1.29 billion, a PE ratio of -136.00 and a beta of 1.28. The company has a 50-day moving average of $3.73 and a 200 day moving average of $3.04. Taseko Mines has a 12-month low of $1.67 and a 12-month high of $4.84.

Institutional Investors Weigh In On Taseko Mines

Several institutional investors and hedge funds have recently added to or reduced their stakes in TGB. Sowell Financial Services LLC grew its stake in shares of Taseko Mines by 8.7% in the second quarter. Sowell Financial Services LLC now owns 62,331 shares of the company’s stock valued at $196,000 after buying an additional 5,000 shares in the last quarter. Signaturefd LLC raised its position in shares of Taseko Mines by 12.0% during the 1st quarter. Signaturefd LLC now owns 47,992 shares of the company’s stock worth $108,000 after purchasing an additional 5,154 shares during the period. Focus Partners Wealth raised its position in shares of Taseko Mines by 19.9% during the 1st quarter. Focus Partners Wealth now owns 60,200 shares of the company’s stock worth $135,000 after purchasing an additional 10,000 shares during the period. Ingalls & Snyder LLC raised its position in shares of Taseko Mines by 12.1% during the 2nd quarter. Ingalls & Snyder LLC now owns 98,236 shares of the company’s stock worth $309,000 after purchasing an additional 10,600 shares during the period. Finally, National Bank of Canada FI increased its position in Taseko Mines by 44.1% in the 1st quarter. National Bank of Canada FI now owns 35,844 shares of the company’s stock valued at $78,000 after acquiring an additional 10,973 shares during the period. 17.94% of the stock is currently owned by institutional investors and hedge funds.

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.