Stifel Canada Boosts Earnings Estimates for Taseko Mines

Taseko Mines Ltd. (TSE:TKO) – Stifel Canada upped their FY2027 earnings estimates for shares of Taseko Mines in a research note issued on Wednesday, November 12th. Stifel Canada analyst C. Mcgill now anticipates that the company will earn $0.77 per share for the year, up from their prior forecast of $0.76. The consensus estimate for Taseko Mines’ current full-year earnings is $0.28 per share.

A number of other analysts also recently commented on the company. TD Securities upgraded Taseko Mines from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$5.00 to C$6.50 in a report on Thursday, October 23rd. National Bankshares boosted their price target on Taseko Mines from C$6.25 to C$7.25 in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$6.33.

Taseko Mines Stock Up 2.4%

TSE:TKO opened at C$6.07 on Friday. The company has a market cap of C$2.18 billion, a P/E ratio of -60.70 and a beta of 1.88. The firm’s 50 day moving average is C$5.72 and its two-hundred day moving average is C$4.57. Taseko Mines has a fifty-two week low of C$2.38 and a fifty-two week high of C$6.73.

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

Insider Buying and Selling at Taseko Mines

In other news, insider Robert John Rotzinger sold 150,000 shares of the company’s stock in a transaction dated 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 owned 131,958 shares of the company’s stock, 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 stock in a transaction dated 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 sold 184,500 shares of company stock valued at $963,000. 2.58% of the stock is owned by insiders.

About Taseko Mines

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.