Stifel Canada Raises Earnings Estimates for Taseko Mines

Taseko Mines Ltd. (TSE:TKO) – Investment analysts at Stifel Canada boosted their FY2025 EPS estimates for shares of Taseko Mines in a research report issued to clients and investors on Wednesday, November 12th. Stifel Canada analyst C. Mcgill now anticipates that the company will post earnings of $0.22 per share for the year, up from their prior forecast of $0.21. The consensus estimate for Taseko Mines’ current full-year earnings is $0.28 per share. Stifel Canada also issued estimates for Taseko Mines’ FY2026 earnings at $0.42 EPS and FY2028 earnings at $0.80 EPS.

Several other research analysts have also issued reports on the company. TD Securities raised Taseko Mines from a “hold” rating to a “buy” rating and upped their target price for the company from C$5.00 to C$6.50 in a research 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 note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. Based on data from MarketBeat, Taseko Mines presently has a consensus rating of “Buy” and an average target price of C$6.33.

Taseko Mines Trading Down 3.7%

Shares of TKO opened at C$6.05 on Monday. The firm has a market cap of C$2.18 billion, a PE ratio of -31.84 and a beta of 1.88. Taseko Mines has a 12 month low of C$2.38 and a 12 month high of C$6.73. The stock has a fifty day moving average price of C$5.77 and a 200-day moving average price of C$4.64.

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

Insiders Place Their Bets

In other Taseko Mines news, Director Russell Edward Hallbauer sold 30,000 shares of Taseko Mines stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of C$5.89, for a total transaction 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. The trade was a 1.64% decrease in their position. Also, insider Robert John Rotzinger sold 150,000 shares of the business’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of C$5.07, for a total value of C$759,750.00. Following the sale, the insider owned 131,958 shares in the company, valued at approximately C$668,367.27. The trade was a 53.20% decrease in their position. Insiders sold a total of 184,500 shares of company stock valued at $963,000 in the last 90 days. 2.58% of the stock is currently owned by company 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.