Q4 EPS Estimates for Taseko Mines Reduced by Analyst

Taseko Mines Ltd. (TSE:TKO) – Equities researchers at National Bank Financial lowered their Q4 2024 earnings per share (EPS) estimates for shares of Taseko Mines in a research report issued on Tuesday, February 4th. National Bank Financial analyst S. Nagle now expects that the company will post earnings of ($0.01) per share for the quarter, down from their prior forecast of $0.05. 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.

Taseko Mines (TSE:TKO) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$0.03 earnings per share 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 business posted $0.07 earnings per share.

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

Taseko Mines Stock Performance

TKO stock opened at C$2.85 on Friday. The firm has a market cap of C$836.05 million, a P/E ratio of 16.76 and a beta of 1.92. The firm’s fifty day moving average is C$2.87 and its 200 day moving average is C$2.99. Taseko Mines has a 52 week low of C$1.81 and a 52 week high of C$4.20.

Insiders Place Their Bets

In other news, Director Russell Edward Hallbauer purchased 100,000 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were acquired at an average price of C$2.83 per share, with a total value of C$283,000.00. Also, Director Anu Dhir acquired 44,000 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was purchased at an average price of C$0.72 per share, for a total transaction of C$31,680.00. 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.