Taseko Mines FY2024 EPS Cut by National Bank Financial

Taseko Mines Ltd. (TSE:TKO) – Equities research analysts at National Bank Financial reduced their FY2024 earnings per share (EPS) estimates for shares of Taseko Mines in a report issued on Monday, October 14th. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings of $0.19 per share for the year, down from their previous estimate of $0.24. The consensus estimate for Taseko Mines’ current full-year earnings is $0.28 per share.

Taseko Mines (TSE:TKO) last released its quarterly earnings results on Wednesday, July 31st. The company reported C$0.10 EPS for the quarter, beating analysts’ consensus estimates of C($0.04) by C$0.14. Taseko Mines had a net margin of 8.05% and a return on equity of 11.36%. The company had revenue of C$137.73 million for the quarter, compared to analyst estimates of C$121.00 million.

Separately, National Bankshares upped their price target on shares of Taseko Mines from C$4.25 to C$4.50 in a report on Friday, October 4th.

Taseko Mines Stock Up 1.2 %

TSE:TKO opened at C$3.31 on Thursday. The firm has a market cap of C$970.99 million, a price-to-earnings ratio of 19.47 and a beta of 1.92. Taseko Mines has a 1 year low of C$1.45 and a 1 year high of C$4.20. The firm has a fifty day moving average price of C$3.11.

Insider Buying and Selling at Taseko Mines

In related news, Director Russell Edward Hallbauer bought 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired at an average price of C$2.73 per share, with a total value of C$68,250.00. Insiders own 2.58% of the company’s stock.

About Taseko Mines

TKO Group Holdings, Inc operates as a sports and entertainment company. It operates through four segments: Media and Content, Live Events, Sponsorships, and Consumer Products Licensing. The company produces live events, television programs, and long-form and short-form video content across various platforms, including broadcast, pay television, and streaming, as well as digital and social media across approximately 170 countries.