FY2027 EPS Estimates for Taseko Mines Cut by Stifel Canada

Key Points

• Stifel Canada has lowered its FY2027 earnings per share (EPS) estimate for Taseko Mines from $0.37 to $0.35, with the current consensus estimate being $0.20 per share.
• Several research firms, including Wall Street Zen and TD Securities, have recently adjusted their ratings on Taseko Mines, with Wall Street Zen downgrading it to a "sell" rating.
• Taseko Mines stock opened at $3.33, with a market capitalization of $1.05 billion and varying performance metrics, including a 52-week low of $1.67 and a high of $3.67.

Taseko Mines Limited (NYSE:TGB - Free Report) - Analysts at Stifel Canada lowered their FY2027 earnings per share (EPS) estimates for shares of Taseko Mines in a note issued to investors on Monday, August 11th. Stifel Canada analyst C. Mcgill now expects that the company will post earnings of $0.35 per share for the year, down from their prior estimate of $0.37. The consensus estimate for Taseko Mines' current full-year earnings is $0.20 per share.

Several other research analysts also recently weighed in on the company. Wall Street Zen downgraded Taseko Mines from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. TD Securities cut Taseko Mines from a "strong-buy" rating to a "hold" rating and upped their price objective for the stock from $3.50 to $5.00 in a report on Wednesday, July 16th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Taseko Mines in a report on Friday.

Taseko Mines Price Performance

NYSE TGB opened at $3.33 on Wednesday. Taseko Mines has a 52 week low of $1.67 and a 52 week high of $3.67. The firm has a market capitalization of $1.05 billion, a P/E ratio of -111.50 and a beta of 1.35. The company has a quick ratio of 1.05, a current ratio of 1.71 and a debt-to-equity ratio of 1.48. The company has a 50-day moving average price of $3.16 and a 200-day moving average price of $2.48.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. BIP Wealth LLC purchased a new stake in shares of Taseko Mines during the fourth quarter worth approximately $30,000. Cadence Bank purchased a new stake in shares of Taseko Mines during the fourth quarter worth approximately $32,000. Lido Advisors LLC purchased a new stake in shares of Taseko Mines during the fourth quarter worth approximately $37,000. Deutsche Bank AG increased its position in shares of Taseko Mines by 88.2% during the fourth quarter. Deutsche Bank AG now owns 19,857 shares of the company's stock worth $39,000 after purchasing an additional 9,308 shares in the last quarter. Finally, Oxford Asset Management LLP purchased a new stake in shares of Taseko Mines during the fourth quarter worth approximately $45,000. 17.94% of the stock is currently owned by hedge funds and other institutional investors.

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.

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