Stifel Canada Predicts Increased Earnings for Taseko Mines

Key Points

• Stifel Canada raised its FY2025 earnings per share (EPS) estimate for Taseko Mines from $0.18 to $0.25, reflecting increased confidence in the company's profitability.
• Alongside these positive revisions, Taseko Mines' FY2026 earnings are forecasted at $0.35 per share, indicating continued growth expectations.
• Despite the bullish outlook from Stifel, TD Securities downgraded Taseko Mines from "strong-buy" to "hold", raising its price target from C$3.50 to C$5.00, highlighting mixed analyst sentiments.

Taseko Mines Ltd. (TSE:TKO - Free Report) - Equities researchers at Stifel Canada lifted their FY2025 earnings per share (EPS) estimates for shares of Taseko Mines in a research report issued to clients and investors on Monday, August 11th. Stifel Canada analyst C. Mcgill now forecasts that the company will post earnings per share of $0.25 for the year, up from their prior forecast of $0.18. The consensus estimate for Taseko Mines' current full-year earnings is $0.28 per share. Stifel Canada also issued estimates for Taseko Mines' FY2026 earnings at $0.35 EPS.

TKO has been the subject of a number of other reports. TD Securities downgraded Taseko Mines from a "strong-buy" rating to a "hold" rating and raised their price target for the stock from C$3.50 to C$5.00 in a research note on Wednesday, July 16th. Paradigm Capital increased their price objective on Taseko Mines from C$4.50 to C$5.25 and gave the company a "buy" rating in a report on Monday, July 7th. Finally, National Bankshares increased their price objective on Taseko Mines from C$4.50 to C$5.25 and gave the company an "outperform" rating in a report on Tuesday, June 24th.

Taseko Mines Price Performance

TKO opened at C$4.64 on Thursday. Taseko Mines has a fifty-two week low of C$2.38 and a fifty-two week high of C$5.05. The business has a 50-day moving average of C$4.34 and a 200-day moving average of C$3.46. The company has a market capitalization of C$1.41 billion, a PE ratio of 18.15 and a beta of 1.92.

Insider Buying and Selling at Taseko Mines

In other Taseko Mines news, Senior Officer Trevor Thomas sold 35,000 shares of the firm's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of C$4.92, for a total value of C$172,200.00. Also, Senior Officer Richard James Weymark sold 34,000 shares of the firm's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of C$4.91, for a total value of C$166,940.00. Insiders have sold 185,100 shares of company stock valued at $856,200 in the last 90 days. 2.58% of the stock is currently owned by insiders.

About Taseko Mines

Taseko Mines Ltd is a Canadian mining company. It is principally engaged in the production and sale of metals, as well as related activities, including exploration and mine development, within the province of British Columbia, Canada, and the State of Arizona, the United States. The Gibraltar, Aley, New Prosperity, and Harmony properties are located in British Columbia whereas Florence copper is in central Arizona.

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