FY2024 EPS Estimates for Taseko Mines Cut by Stifel Canada

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

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

TKO has been the subject of a number of other reports. National Bankshares raised shares of Taseko Mines from a “sector perform” rating to an “outperform” rating and lowered their target price for the company from C$4.50 to C$4.25 in a research note on Tuesday, December 10th. National Bank Financial raised Taseko Mines from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th.

Taseko Mines Stock Performance

Shares of TSE TKO opened at C$2.85 on Friday. The firm has a 50 day moving average of C$2.89 and a 200 day moving average of C$3.02. Taseko Mines has a 12-month low of C$1.81 and a 12-month high of C$4.20. The firm has a market capitalization of C$836.05 million, a price-to-earnings ratio of 16.76 and a beta of 1.92.

Insider Activity at Taseko Mines

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

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.