Taseko Mines FY2025 EPS Forecast Reduced by Stifel Canada

Key Points

• Stifel Canada has lowered its FY2025 earnings per share forecast for Taseko Mines to $0.15, down from $0.18, while the consensus estimate remains at $0.20 per share.
• Taseko Mines' stock has increased by 5.2%, currently trading at $4.08, with a market cap of $1.29 billion and a 1-year trading range between $1.67 and $4.84.
• Institutional investors have shown interest in Taseko Mines, with notable increases in holdings from HighTower Advisors and Ballentine Partners, contributing to a total institutional ownership of 17.94%.

Taseko Mines Limited (NYSE:TGB - Free Report) - Analysts at Stifel Canada decreased their FY2025 earnings per share (EPS) estimates for Taseko Mines in a research report issued on Tuesday, October 21st. Stifel Canada analyst C. Mcgill now anticipates that the company will post earnings of $0.15 per share for the year, down from their previous estimate of $0.18. The consensus estimate for Taseko Mines' current full-year earnings is $0.20 per share. Stifel Canada also issued estimates for Taseko Mines' FY2027 earnings at $0.54 EPS.

Other analysts have also recently issued reports about the company. TD Securities cut Taseko Mines from a "strong-buy" rating to a "hold" rating and lifted their price objective for the company from $3.50 to $5.00 in a research report on Wednesday, July 16th. BMO Capital Markets restated an "outperform" rating on shares of Taseko Mines in a research note on Friday, August 8th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $5.00.

Taseko Mines Stock Up 5.2%

Shares of NYSE:TGB opened at $4.08 on Friday. Taseko Mines has a 1 year low of $1.67 and a 1 year high of $4.84. The company has a market cap of $1.29 billion, a PE ratio of -136.00 and a beta of 1.28. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.71 and a quick ratio of 1.05. The stock's 50-day moving average is $3.73 and its 200 day moving average is $3.04.

Institutional Trading of Taseko Mines

Several institutional investors have recently added to or reduced their stakes in TGB. Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in Taseko Mines in the second quarter worth about $52,000. Ausdal Financial Partners Inc. purchased a new position in shares of Taseko Mines during the second quarter worth approximately $52,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Taseko Mines during the first quarter worth approximately $65,000. HighTower Advisors LLC increased its holdings in Taseko Mines by 51.9% during the first quarter. HighTower Advisors LLC now owns 32,646 shares of the company's stock valued at $73,000 after buying an additional 11,150 shares during the period. Finally, Ballentine Partners LLC increased its holdings in Taseko Mines by 147.1% during the first quarter. Ballentine Partners LLC now owns 34,046 shares of the company's stock valued at $76,000 after buying an additional 20,270 shares during the period. Institutional investors own 17.94% 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.