FY2025 EPS Estimates for Taseko Mines Increased by Analyst

Taseko Mines Limited (NYSE:TGB) – Stock analysts at Stifel Canada upped their FY2025 earnings estimates for shares of Taseko Mines in a note issued to investors on Wednesday, November 12th. Stifel Canada analyst C. Mcgill now anticipates that the company will post earnings of $0.16 per share for the year, up from their prior forecast of $0.15. The consensus estimate for Taseko Mines’ current full-year earnings is $0.20 per share. Stifel Canada also issued estimates for Taseko Mines’ FY2026 earnings at $0.30 EPS and FY2028 earnings at $0.57 EPS.

Separately, BMO Capital Markets restated an “outperform” rating on shares of Taseko Mines in a report on Friday, August 8th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.00.

Taseko Mines Price Performance

NYSE TGB opened at $4.34 on Monday. Taseko Mines has a 1 year low of $1.67 and a 1 year high of $4.84. The business’s fifty day moving average is $4.14 and its two-hundred day moving average is $3.35. The stock has a market capitalization of $1.56 billion, a P/E ratio of -144.67 and a beta of 1.24. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.05 and a current ratio of 1.71.

Institutional Trading of Taseko Mines

Institutional investors have recently made changes to their positions in the stock. L1 Capital Pty Ltd increased its stake in Taseko Mines by 18.4% in the 3rd quarter. L1 Capital Pty Ltd now owns 24,479,399 shares of the company’s stock valued at $107,709,000 after buying an additional 3,797,792 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Taseko Mines by 21.7% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,319,863 shares of the company’s stock valued at $25,333,000 after acquiring an additional 2,018,397 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Taseko Mines by 2.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,022,109 shares of the company’s stock worth $24,789,000 after acquiring an additional 296,508 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Taseko Mines by 261.5% in the second quarter. JPMorgan Chase & Co. now owns 4,019,297 shares of the company’s stock valued at $12,661,000 after purchasing an additional 2,907,611 shares in the last quarter. Finally, TD Asset Management Inc grew its stake in Taseko Mines by 22.2% in the first quarter. TD Asset Management Inc now owns 4,003,547 shares of the company’s stock valued at $8,957,000 after purchasing an additional 728,241 shares in the last quarter. 17.94% of the stock is currently owned by institutional investors and hedge funds.

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.