Analysts Issue Forecasts for Taseko Mines Limited’s Q2 2024 Earnings (NYSE:TGB)

Taseko Mines Limited (NYSE:TGB) – Stock analysts at Stifel Canada issued their Q2 2024 EPS estimates for shares of Taseko Mines in a research report issued on Monday, July 22nd. Stifel Canada analyst M. Tapscott expects that the company will post earnings per share of ($0.02) for the quarter. The consensus estimate for Taseko Mines’ current full-year earnings is $0.08 per share. Stifel Canada also issued estimates for Taseko Mines’ FY2024 earnings at $0.12 EPS.

Separately, Cantor Fitzgerald upgraded shares of Taseko Mines to a “strong-buy” rating in a research note on Thursday, June 13th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $2.75.

Taseko Mines Stock Performance

Shares of TGB stock opened at $2.15 on Thursday. The company has a 50 day moving average of $2.51 and a 200-day moving average of $2.13. The company has a quick ratio of 1.11, a current ratio of 1.97 and a debt-to-equity ratio of 1.34. Taseko Mines has a 12-month low of $1.05 and a 12-month high of $3.15. The firm has a market cap of $628.61 million, a P/E ratio of 8.96 and a beta of 1.75.

Taseko Mines (NYSE:TGB) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The firm had revenue of $109.00 million during the quarter, compared to analyst estimates of $91.89 million. Taseko Mines had a net margin of 17.37% and a return on equity of 11.44%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TGB. Keystone Wealth Services LLC bought a new position in Taseko Mines in the 2nd quarter worth approximately $37,000. Private Wealth Management Group LLC bought a new position in Taseko Mines in the 4th quarter worth approximately $38,000. Cahaba Wealth Management Inc. boosted its holdings in Taseko Mines by 38.2% in the 4th quarter. Cahaba Wealth Management Inc. now owns 36,134 shares of the company’s stock worth $51,000 after buying an additional 9,980 shares during the period. Mackenzie Financial Corp bought a new position in Taseko Mines in the 4th quarter worth approximately $102,000. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in Taseko Mines by 1,135.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 142,436 shares of the company’s stock worth $306,000 after buying an additional 130,905 shares during the period. 17.94% of the stock is owned by 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.