National Bank Financial Forecasts Taseko Mines Q4 Earnings

Taseko Mines Ltd. (TSE:TKO) – Investment analysts at National Bank Financial cut their Q4 2024 EPS estimates for shares of Taseko Mines in a research report issued on Tuesday, February 4th. National Bank Financial analyst S. Nagle now anticipates that the company will earn ($0.01) per share for the quarter, down from their prior estimate of $0.05. National Bank Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for Taseko Mines’ current full-year earnings is $0.28 per share.

Separately, National Bankshares upgraded Taseko Mines from a “sector perform” rating to an “outperform” rating and decreased 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

TSE:TKO opened at C$2.85 on Friday. The business’s fifty day moving average is C$2.87 and its 200 day moving average is C$2.99. The firm has a market cap of C$836.05 million, a price-to-earnings ratio of 16.76 and a beta of 1.92. Taseko Mines has a 52-week low of C$1.81 and a 52-week high of C$4.20.

Taseko Mines (TSE:TKO) last posted its earnings results on Wednesday, November 6th. The company reported C$0.03 earnings per share (EPS) for the quarter. Taseko Mines had a return on equity of 11.36% and a net margin of 8.05%. During the same quarter in the prior year, the company earned $0.07 EPS.

Insider Activity

In related news, Director Russell Edward Hallbauer bought 100,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were acquired at an average cost of C$2.83 per share, with a total value of C$283,000.00. Also, Director Anu Dhir bought 44,000 shares of the company’s stock in a transaction on Monday, January 13th. The shares were bought at an average price of C$0.72 per share, with a total value of C$31,680.00. Company insiders own 2.58% 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.