Stifel Canada Lowers Earnings Estimates for Taseko Mines

Taseko Mines Ltd. (TSE:TKO) – Equities research analysts at Stifel Canada dropped their FY2024 earnings per share estimates for shares of Taseko Mines in a research note issued on Thursday, January 23rd. Stifel Canada analyst C. Mcgill now anticipates that the company will post earnings of $0.19 per share for the year, down from their prior forecast of $0.22. The consensus estimate for Taseko Mines’ current full-year earnings is $0.28 per share. Stifel Canada also issued estimates for Taseko Mines’ Q4 2024 earnings at $0.04 EPS and FY2025 earnings at $0.40 EPS.

Taseko Mines (TSE:TKO) last announced its earnings results on Wednesday, November 6th. The company reported C$0.03 earnings per share (EPS) for the quarter. Taseko Mines had a return on equity of 11.36% and a net margin of 8.05%. During the same quarter last year, the company posted $0.07 earnings per share.

Several other research analysts have also issued reports on the company. National Bank Financial upgraded Taseko Mines from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. National Bankshares upgraded Taseko Mines from a “sector perform” rating to an “outperform” rating and cut their target price for the stock from C$4.50 to C$4.25 in a report on Tuesday, December 10th.

Taseko Mines Stock Up 0.4 %

Shares of TKO stock opened at C$2.85 on Friday. Taseko Mines has a 52 week low of C$1.81 and a 52 week high of C$4.20. The firm has a 50 day moving average of C$2.89 and a 200-day moving average of C$3.03. The company has a market cap of C$836.05 million, a price-to-earnings ratio of 16.76 and a beta of 1.92.

Insider Transactions at Taseko Mines

In other Taseko Mines news, Director Russell Edward Hallbauer bought 100,000 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were acquired at an average cost of C$2.83 per share, for a total transaction of C$283,000.00. Also, Director Anu Dhir purchased 44,000 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were acquired at an average price of C$0.72 per share, with a total value of C$31,680.00. 2.58% of the stock is currently owned by company insiders.

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.