FY2024 EPS Estimates for Taseko Mines Lowered by Analyst

Taseko Mines Ltd. (TSE:TKO) – Equities research analysts at National Bank Financial decreased their FY2024 EPS estimates for shares of Taseko Mines in a research note issued on Tuesday, February 4th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings per share of $0.15 for the year, down from their prior forecast of $0.19. National Bank Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for Taseko Mines’ current full-year earnings is $0.28 per share.

Taseko Mines (TSE:TKO) last announced 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 period last year, the company earned $0.07 EPS.

Separately, National Bankshares upgraded Taseko Mines from a “sector perform” rating to an “outperform” rating and reduced their price target for the stock from C$4.50 to C$4.25 in a research report on Tuesday, December 10th.

Taseko Mines Price Performance

Shares of TKO stock opened at C$2.85 on Thursday. 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. The business has a 50 day simple moving average of C$2.87 and a 200 day simple moving average of C$2.99.

Insider Transactions at Taseko Mines

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