Taseko Mines FY2025 EPS Reduced by National Bank Financial

Taseko Mines Limited (NYSE:TGB) – Investment analysts at National Bank Financial cut their FY2025 earnings per share (EPS) estimates for shares of Taseko Mines in a research note issued on Monday, December 9th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings per share of $0.13 for the year, down from their previous forecast of $0.17. National Bank Financial has a “Outperform” rating on the stock. The consensus estimate for Taseko Mines’ current full-year earnings is $0.16 per share.

Separately, StockNews.com cut Taseko Mines from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $3.50.

Taseko Mines Stock Performance

Taseko Mines stock opened at $2.12 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.71 and a debt-to-equity ratio of 1.48. Taseko Mines has a twelve month low of $1.14 and a twelve month high of $3.15. The company’s 50-day moving average price is $2.25 and its 200-day moving average price is $2.29. The company has a market cap of $644.07 million, a PE ratio of 11.13 and a beta of 1.72.

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

Institutional Trading of Taseko Mines

Several institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in shares of Taseko Mines by 752.2% in the second quarter. American Century Companies Inc. now owns 703,954 shares of the company’s stock worth $1,734,000 after buying an additional 621,352 shares during the period. Bank of Montreal Can grew its position 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 valued at $8,225,000 after acquiring an additional 2,364,116 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of 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 last quarter. Renaissance Technologies LLC boosted its stake in shares of Taseko Mines by 14.7% during the second 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. Finally, ClariVest Asset Management LLC bought a new position in shares of Taseko Mines in the second quarter worth about $1,192,000. 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.