FY2025 EPS Estimates for Taseko Mines Boosted by Analyst

Taseko Mines Limited (NYSE:TGB – Free Report) has received a positive update from analysts at Stifel Canada, who have increased their earnings per share (EPS) estimates for fiscal year 2025. In a research note released on December 15th, Stifel Canada analyst C. Mcgill revised their forecast, now predicting the company will achieve earnings of $0.23 per share for the year, an increase from the previous estimate of $0.16. In comparison, the consensus estimate for Taseko Mines' current full-year earnings stands at $0.14 per share.

Moreover, Taseko Mines has been the subject of various recent research ratings. On December 10th, National Bank Financial upgraded Taseko Mines from a “sector perform” rating to an “outperform” rating. Similarly, StockNews.com raised the stock from a “sell” rating to a “hold” rating on December 11th. Reviews of the stock show that one analyst has given it a hold rating, while three analysts have assigned a buy rating and one has issued a strong buy rating. As per data gathered from MarketBeat, the stock currently bears a consensus rating of "Buy," with an average target price set at $3.50.

Taseko Mines Stock Performance

On the trading floor, TGB opened at $1.91 on Wednesday. The stock has experienced a twelve-month low of $1.27 and reached a twelve-month high of $3.15. Taseko Mines currently has a market capitalization of $581.64 million and a price-to-earnings (PE) ratio of 10.05, alongside a beta of 1.72. The business's 50-day moving average is reported at $2.17, while its 200-day moving average is approximately $2.26. Financial metrics show a current ratio of 1.71, a quick ratio of 1.05, and a debt-to-equity ratio of 1.48.

In their last earnings report filed on November 6th, Taseko Mines announced earnings of $0.02 per share, which was below analysts' consensus estimates of $0.04 by $0.02. The company also noted a net margin of 12.69% and a return on equity of 15.25%, with revenue recorded at $114.08 million compared to forecasted analyst estimates of $112.48 million.

Institutional Inflows and Outflows

Recently, several institutional investors have taken positions in Taseko Mines. ClariVest Asset Management LLC purchased a new stake in the company worth approximately $1,192,000 during the second quarter. Additionally, American Century Companies Inc. increased its ownership in Taseko Mines by 752.2% in the same quarter, totaling 703,954 shares valued at $1,734,000 after acquiring an additional 621,352 shares. Moreover, Dimensional Fund Advisors LP raised its stake by 87.9%, resulting in ownership of 491,388 shares worth $1,204,000 after adding 229,849 shares. Renaissance Technologies LLC expanded its holding by 14.7%, now owning 5,904,270 shares valued at $14,465,000 following an acquisition of 755,192 shares. XTX Topco Ltd also increased its stake by a remarkable 990.3%. Currently, institutional investors own 17.94% of Taseko Mines shares.

About Taseko Mines

Taseko Mines Limited is a company involved in acquiring, developing, and operating mineral properties. The company explores for various deposits, including copper, molybdenum, gold, niobium, and silver. Its primary asset is the Gibraltar mine, which is located in British Columbia. Additionally, Taseko Mines possesses interests in several other projects, including the Yellowhead copper project, the Aley niobium project, and the New Prosperity gold and copper project, all located in British Columbia, along with the Florence copper project in Arizona.

Taseko, Mines, EPS