Taseko Mines FY2025 EPS Forecast Lifted by Stifel Canada

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

TGB has been the topic of a number of other reports. National Bank Financial raised Taseko Mines from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, December 10th. StockNews.com upgraded Taseko Mines from a “sell” rating to a “hold” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to 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

Shares of TGB stock opened at $2.03 on Wednesday. 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 company’s fifty day moving average price is $2.20 and its two-hundred day moving average price is $2.27. The firm has a market capitalization of $616.66 million, a P/E ratio of 10.66 and a beta of 1.72. Taseko Mines has a 12 month low of $1.27 and a 12 month high of $3.15.

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

Institutional Inflows and Outflows

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