Taseko Mines FY2027 EPS Forecast Decreased by Stifel Canada

Key Points

• Stifel Canada has lowered its FY2027 earnings per share forecast for Taseko Mines to $0.48, down from $0.50.
• TD Securities downgraded Taseko Mines' rating from "strong-buy" to "hold" while adjusting their price target to C$5.00.
• Company insiders sold a total of 185,100 shares recently, valued at $856,200, indicating significant insider activity.

Taseko Mines Ltd. (TSE:TKO - Free Report) - Stifel Canada lowered their FY2027 earnings estimates for shares of Taseko Mines in a research note issued on Monday, August 11th. Stifel Canada analyst C. Mcgill now anticipates that the company will post earnings of $0.48 per share for the year, down from their prior forecast of $0.50. The consensus estimate for Taseko Mines' current full-year earnings is $0.28 per share. Stifel Canada also issued estimates for Taseko Mines' FY2028 earnings at $0.51 EPS.

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

Taseko Mines Trading Up 6.6%

Taseko Mines stock opened at C$4.66 on Wednesday. The firm has a 50-day moving average of C$4.32 and a 200-day moving average of C$3.45. The firm has a market cap of C$1.41 billion, a P/E ratio of 18.23 and a beta of 1.92. Taseko Mines has a 1-year low of C$2.38 and a 1-year high of C$5.05.

Insider Activity

In related news, Director Russell Edward Hallbauer sold 15,000 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of C$4.80, for a total value of C$72,000.00. Also, Senior Officer Richard James Weymark sold 34,000 shares of the firm's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of C$4.91, for a total transaction of C$166,940.00. Over the last quarter, insiders have sold 185,100 shares of company stock valued at $856,200. 2.58% of the stock is currently owned by company 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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