Taseko Mines Limited (NYSE:TGB) to Post Q3 2024 Earnings of $0.01 Per Share, Stifel Canada Forecasts

Taseko Mines Limited (NYSE:TGB) – Stock analysts at Stifel Canada issued their Q3 2024 earnings per share estimates for shares of Taseko Mines in a research note issued on Tuesday, October 15th. Stifel Canada analyst C. Mcgill forecasts that the company will post earnings of $0.01 per share for the quarter. The consensus estimate for Taseko Mines’ current full-year earnings is $0.18 per share. Stifel Canada also issued estimates for Taseko Mines’ FY2025 earnings at $0.16 EPS.

Taseko Mines Stock Performance

NYSE:TGB opened at $2.41 on Thursday. The company has a market capitalization of $723.48 million, a PE ratio of 12.25 and a beta of 1.74. Taseko Mines has a fifty-two week low of $1.05 and a fifty-two week high of $3.15. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.34 and a current ratio of 2.09. The company has a 50 day simple moving average of $2.27 and a two-hundred day simple moving average of $2.40.

Taseko Mines (NYSE:TGB) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.10. Taseko Mines had a return on equity of 18.82% and a net margin of 13.07%. The company had revenue of $100.66 million during the quarter, compared to the consensus estimate of $88.01 million.

Institutional Investors Weigh In On Taseko Mines

Large investors have recently modified their holdings of the company. Tidal Investments LLC bought a new stake in Taseko Mines during the first quarter valued at $3,508,000. Renaissance Technologies LLC lifted its stake in shares of 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 purchasing an additional 755,192 shares during the period. American Century Companies Inc. boosted its position in shares of Taseko Mines by 752.2% during the 2nd quarter. American Century Companies Inc. now owns 703,954 shares of the company’s stock valued at $1,734,000 after purchasing an additional 621,352 shares in the last quarter. ClariVest Asset Management LLC acquired a new stake in Taseko Mines during the second quarter worth approximately $1,192,000. Finally, Dimensional Fund Advisors LP grew its stake in Taseko Mines by 87.9% during the second quarter. Dimensional Fund Advisors LP now owns 491,388 shares of the company’s stock worth $1,204,000 after purchasing an additional 229,849 shares during the period. 17.94% of the stock is currently owned by institutional investors and hedge funds.

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.