Analysts Offer Predictions for Taseko Mines FY2024 Earnings

Taseko Mines Ltd. (TSE:TKO) – Equities research analysts at Stifel Canada dropped their FY2024 earnings per share (EPS) estimates for Taseko Mines in a research note issued on Thursday, January 23rd. Stifel Canada analyst C. Mcgill now forecasts that the company will post earnings of $0.19 per share for the year, down from their previous estimate 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.

Several other brokerages have also weighed in on TKO. National Bank Financial raised shares of Taseko Mines from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. National Bankshares upgraded shares of Taseko Mines from a “sector perform” rating to an “outperform” rating and decreased their price target for the company from C$4.50 to C$4.25 in a research note on Tuesday, December 10th.

Taseko Mines Trading Up 0.4 %

TKO opened at C$2.85 on Friday. The stock’s fifty day simple moving average is C$2.89 and its 200 day simple moving average is C$3.03. Taseko Mines has a 1-year low of C$1.81 and a 1-year high of C$4.20. The stock has a market cap of C$836.05 million, a PE ratio of 16.76 and a beta of 1.92.

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

Insider Activity at Taseko Mines

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