Stifel Canada Predicts Stronger Earnings for Taseko Mines

Taseko Mines Ltd. (TSE:TKO) – Stifel Canada lifted their FY2027 earnings per share (EPS) estimates for shares of Taseko Mines in a report issued on Wednesday, November 12th. Stifel Canada analyst C. Mcgill now expects that the company will post earnings per share of $0.77 for the year, up from their previous estimate of $0.76. The consensus estimate for Taseko Mines’ current full-year earnings is $0.28 per share.

Taseko Mines (TSE:TKO) last issued its earnings results on Thursday, November 13th. The company reported C($0.09) earnings per share (EPS) for the quarter. Taseko Mines had a return on equity of 16.33% and a net margin of 12.69%.The company had revenue of C$173.91 million during the quarter.

Several other brokerages also recently commented on TKO. National Bankshares raised their price objective on shares of Taseko Mines from C$6.25 to C$7.25 in a research report on Wednesday, October 8th. TD Securities upgraded Taseko Mines from a “hold” rating to a “buy” rating and increased their price target for the stock from C$5.00 to C$6.50 in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat.com, Taseko Mines presently has an average rating of “Buy” and a consensus target price of C$6.33.

Taseko Mines Trading Up 0.5%

TSE TKO traded up C$0.03 on Friday, hitting C$5.96. 500,842 shares of the company traded hands, compared to its average volume of 640,700. The business’s 50 day moving average price is C$5.69 and its 200-day moving average price is C$4.55. Taseko Mines has a 52-week low of C$2.38 and a 52-week high of C$6.73. The company has a market capitalization of C$2.14 billion, a price-to-earnings ratio of -59.60 and a beta of 1.88.

Insider Buying and Selling at Taseko Mines

In related news, Director Russell Edward Hallbauer sold 30,000 shares of the stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of C$5.89, for a total value of C$176,700.00. Following the sale, the director directly owned 1,802,750 shares of the company’s stock, valued at C$10,618,197.50. This represents a 1.64% decrease in their position. Also, insider Robert John Rotzinger sold 150,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of C$5.07, for a total value of C$759,750.00. Following the completion of the sale, the insider owned 131,958 shares in the company, valued at approximately C$668,367.27. The trade was a 53.20% decrease in their ownership of the stock. Insiders have sold a total of 184,500 shares of company stock worth $963,000 in the last 90 days. 2.58% of the stock is currently owned by insiders.

Taseko Mines Company Profile

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.