Taseko Mines FY2024 EPS Forecast Reduced by Stifel Canada

Taseko Mines Limited (NYSE:TGB) – Investment analysts at Stifel Canada dropped their FY2024 earnings per share (EPS) estimates for Taseko Mines in a research report issued to clients and investors on Tuesday, October 15th. Stifel Canada analyst C. Mcgill now anticipates that the company will post earnings per share of $0.16 for the year, down from their prior estimate of $0.19. The consensus estimate for Taseko Mines’ current full-year earnings is $0.18 per share.

Taseko Mines (NYSE:TGB) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $88.01 million.

Taseko Mines Trading Down 1.7 %

NYSE TGB opened at $2.37 on Friday. 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 company has a debt-to-equity ratio of 1.57, a quick ratio of 1.34 and a current ratio of 2.09. Taseko Mines has a one year low of $1.05 and a one year high of $3.15. The company’s 50 day moving average price is $2.28 and its 200 day moving average price is $2.40.

Hedge Funds Weigh In On Taseko Mines

Hedge funds have recently made changes to their positions in the business. Keystone Wealth Services LLC purchased a new position in Taseko Mines in the second quarter valued at about $37,000. SG Americas Securities LLC acquired a new stake in shares of Taseko Mines in the third quarter valued at about $38,000. Point72 Asset Management L.P. purchased a new stake in shares of Taseko Mines during the 2nd quarter valued at about $157,000. Cubist Systematic Strategies LLC lifted its position in Taseko Mines by 58.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 97,497 shares of the company’s stock worth $239,000 after acquiring an additional 36,010 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its holdings in Taseko Mines by 7.3% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 103,682 shares of the company’s stock worth $261,000 after acquiring an additional 7,070 shares during the period. 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.