Stifel Canada Expects Stronger Earnings for Taseko Mines

Key Points

• Stifel Canada raised its earnings estimates for Taseko Mines' FY2025 from $0.13 to $0.18 per share, reflecting increasing confidence in the company's financial performance.
• Taseko Mines stock has experienced a significant increase of 6.9%, opening at $3.39, with institutional investors holding 17.94% of the company's shares.
• Several analysts have recently altered their ratings on Taseko Mines, with TD Securities moving from a "strong-buy" to a "hold" and increasing the target price to $5.00.

Taseko Mines Limited (NYSE:TGB - Free Report) - Equities researchers at Stifel Canada increased their FY2025 EPS estimates for Taseko Mines in a research note issued on Monday, August 11th. Stifel Canada analyst C. Mcgill now anticipates that the company will earn $0.18 per share for the year, up from their previous forecast of $0.13. The consensus estimate for Taseko Mines' current full-year earnings is $0.20 per share. Stifel Canada also issued estimates for Taseko Mines' FY2028 earnings at $0.37 EPS.

Other equities analysts have also issued research reports about the stock. Wall Street Zen lowered shares of Taseko Mines from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. TD Securities lowered shares of Taseko Mines from a "strong-buy" rating to a "hold" rating and increased their price target for the company from $3.50 to $5.00 in a research report on Wednesday, July 16th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Taseko Mines in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $5.00.

Taseko Mines Stock Down 2.7%

Shares of TGB stock traded down $0.0850 on Thursday, hitting $3.0850. The stock had a trading volume of 2,119,770 shares, compared to its average volume of 10,118,146. The stock has a market cap of $976.33 million, a price-to-earnings ratio of -102.83 and a beta of 1.35. The business has a 50 day moving average of $3.19 and a 200 day moving average of $2.52. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.71 and a quick ratio of 1.05. Taseko Mines has a 12-month low of $1.67 and a 12-month high of $3.67.

Institutional Investors Weigh In On Taseko Mines

A number of institutional investors and hedge funds have recently modified their holdings of the company. BIP Wealth LLC purchased a new position in shares of Taseko Mines during the fourth quarter worth approximately $30,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in shares of Taseko Mines during the second quarter worth approximately $52,000. Ausdal Financial Partners Inc. purchased a new position in shares of Taseko Mines during the second quarter worth approximately $52,000. Cadence Bank purchased a new position in shares of Taseko Mines during the fourth quarter worth approximately $32,000. Finally, Lido Advisors LLC purchased a new position in shares of Taseko Mines during the fourth quarter worth approximately $37,000. 17.94% of the stock is owned by hedge funds and other institutional investors.

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.