FY2024 EPS Estimates for Taseko Mines Reduced by Analyst

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

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

Taseko Mines Stock Up 2.5 %

Shares of Taseko Mines stock opened at C$2.84 on Thursday. The company has a market capitalization of C$833.11 million, a price-to-earnings ratio of 16.71 and a beta of 1.92. Taseko Mines has a 52 week low of C$1.81 and a 52 week high of C$4.20. The stock’s 50-day simple moving average is C$2.87 and its 200-day simple moving average is C$3.00.

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

Insider Buying and Selling at Taseko Mines

In other Taseko Mines news, Director Russell Edward Hallbauer bought 100,000 shares of the business’s stock in a transaction dated Thursday, November 14th. The shares were purchased at an average price of C$2.83 per share, with a total value of C$283,000.00. Also, Director Anu Dhir bought 44,000 shares of the business’s stock in a transaction dated Monday, January 13th. The shares were acquired at an average cost of C$0.72 per share, for a total transaction 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.