Taseko Mines FY2024 EPS Estimate Decreased by Stifel Canada

Taseko Mines Limited (NYSE:TGB) – Equities researchers at Stifel Canada dropped their FY2024 earnings per share estimates for Taseko Mines in a report released on Tuesday, October 15th. Stifel Canada analyst C. Mcgill now forecasts that the company will post earnings of $0.16 per share for the year, down from their previous estimate of $0.19. The consensus estimate for Taseko Mines’ current full-year earnings is $0.18 per share.

Taseko Mines (NYSE:TGB) last announced its earnings results on Wednesday, July 31st. The company reported $0.07 earnings per share for the quarter, beating 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 firm had revenue of $100.66 million for the quarter, compared to the consensus estimate of $88.01 million.

Taseko Mines Stock Performance

TGB stock opened at $2.40 on Friday. The company has a market capitalization of $700.25 million, a P/E ratio of 9.98 and a beta of 1.74. The company has a quick ratio of 1.34, a current ratio of 2.09 and a debt-to-equity ratio of 1.57. The company has a 50-day simple moving average of $2.29 and a 200 day simple moving average of $2.40. Taseko Mines has a fifty-two week low of $1.05 and a fifty-two week high of $3.15.

Institutional Trading of Taseko Mines

Institutional investors have recently made changes to their positions in the stock. Dynamic Advisor Solutions LLC lifted its position in Taseko Mines by 7.3% in the third quarter. Dynamic Advisor Solutions LLC now owns 103,682 shares of the company’s stock worth $261,000 after purchasing an additional 7,070 shares during the period. Keystone Wealth Services LLC bought a new position in Taseko Mines during the second quarter valued at about $37,000. SG Americas Securities LLC acquired a new position in Taseko Mines during the third quarter worth about $38,000. Cubist Systematic Strategies LLC raised its position in Taseko Mines by 58.6% in the second 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, Bank of Montreal Can raised its position in Taseko Mines by 5.3% in the second quarter. Bank of Montreal Can now owns 796,458 shares of the company’s stock worth $2,131,000 after acquiring an additional 40,053 shares in the last quarter. 17.94% of the stock is owned by institutional investors and hedge funds.

About Taseko Mines

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.