Brokers Issue Forecasts for Taseko Mines FY2024 Earnings

Taseko Mines Limited (NYSE:TGB) – Stock analysts at National Bank Financial dropped their FY2024 earnings per share (EPS) estimates for Taseko Mines in a research report issued on Monday, October 14th. National Bank Financial analyst S. Nagle now expects that the company will post earnings of $0.14 per share for the year, down from their previous estimate of $0.17. The consensus estimate for Taseko Mines’ current full-year earnings is $0.18 per share.

Taseko Mines (NYSE:TGB) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.10. Taseko Mines had a return on equity of 18.82% and a net margin of 13.07%. The company had revenue of $100.66 million during the quarter, compared to analyst estimates of $88.01 million.

Taseko Mines Stock Down 1.7 %

Shares of NYSE TGB opened at $2.37 on Thursday. The firm has a market capitalization of $711.47 million, a price-to-earnings ratio of 12.47 and a beta of 1.74. The business has a 50-day moving average of $2.28 and a 200-day moving average of $2.40. The company has a current ratio of 2.09, a quick ratio of 1.34 and a debt-to-equity ratio of 1.57. Taseko Mines has a 12 month low of $1.05 and a 12 month high of $3.15.

Institutional Trading of Taseko Mines

Several hedge funds and other institutional investors have recently bought and sold shares of TGB. Tidal Investments LLC purchased a new stake in Taseko Mines in the first quarter worth approximately $3,508,000. Renaissance Technologies LLC boosted its stake in Taseko Mines by 14.7% in the second quarter. Renaissance Technologies LLC now owns 5,904,270 shares of the company’s stock worth $14,465,000 after buying an additional 755,192 shares in the last quarter. American Century Companies Inc. boosted its stake in Taseko Mines by 752.2% in the second quarter. American Century Companies Inc. now owns 703,954 shares of the company’s stock worth $1,734,000 after buying an additional 621,352 shares in the last quarter. ClariVest Asset Management LLC purchased a new stake in Taseko Mines in the second quarter worth approximately $1,192,000. Finally, Dimensional Fund Advisors LP boosted its stake in Taseko Mines by 87.9% in the second quarter. Dimensional Fund Advisors LP now owns 491,388 shares of the company’s stock worth $1,204,000 after buying an additional 229,849 shares in the last quarter. Hedge funds and other institutional investors own 17.94% of the company’s stock.

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.