Stifel Canada Forecasts Increased Earnings for Taseko Mines

Taseko Mines Limited (NYSE:TGB) – Analysts at Stifel Canada boosted their FY2025 EPS estimates for Taseko Mines in a note issued to investors on Sunday, December 15th. Stifel Canada analyst C. Mcgill now anticipates that the company will post earnings per share of $0.23 for the year, up from their previous forecast of $0.16. The consensus estimate for Taseko Mines’ current full-year earnings is $0.14 per share.

Taseko Mines (NYSE:TGB) last released its earnings results on Wednesday, November 6th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The business had revenue of $114.08 million during the quarter, compared to analysts’ expectations of $112.48 million. Taseko Mines had a net margin of 12.69% and a return on equity of 15.25%.

Other research analysts also recently issued reports about the stock. StockNews.com raised shares of Taseko Mines from a “sell” rating to a “hold” rating in a research report on Wednesday, December 11th. National Bank Financial raised shares of Taseko Mines from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Taseko Mines currently has an average rating of “Buy” and a consensus target price of $3.50.

Taseko Mines Stock Performance

NYSE:TGB opened at $2.03 on Wednesday. The stock has a market cap of $616.66 million, a PE ratio of 10.66 and a beta of 1.72. Taseko Mines has a fifty-two week low of $1.27 and a fifty-two week high of $3.15. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.71 and a quick ratio of 1.05. The stock’s 50-day moving average is $2.20 and its two-hundred day moving average is $2.27.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TGB. Tidal Investments LLC increased its holdings in shares of Taseko Mines by 82.3% during the 3rd quarter. Tidal Investments LLC now owns 13,693,081 shares of the company’s stock valued at $34,507,000 after acquiring an additional 6,182,981 shares during the last quarter. Renaissance Technologies LLC grew its stake in Taseko Mines by 14.7% in the 2nd quarter. Renaissance Technologies LLC now owns 5,904,270 shares of the company’s stock valued at $14,465,000 after buying an additional 755,192 shares during the last quarter. Bank of Montreal Can raised its holdings in Taseko Mines by 296.8% in the 3rd quarter. Bank of Montreal Can now owns 3,160,574 shares of the company’s stock worth $8,225,000 after acquiring an additional 2,364,116 shares during the period. Anthracite Investment Company Inc. raised its position in shares of Taseko Mines by 6.5% during the third quarter. Anthracite Investment Company Inc. now owns 1,579,460 shares of the company’s stock valued at $3,980,000 after buying an additional 96,000 shares during the last quarter. Finally, Millennium Management LLC grew its position in Taseko Mines by 11.3% during the second quarter. Millennium Management LLC now owns 1,349,795 shares of the company’s stock worth $3,315,000 after buying an additional 136,932 shares in the last quarter. Institutional investors own 17.94% 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.