Stifel Canada Lowers EPS Estimates for Taseko Mines in FY2026

On December 15th, 2024, analyst C. Mcgill from Stifel Canada revised their earnings per share (EPS) estimates for Taseko Mines Limited (NYSE:TGB) for fiscal year 2026. The revised forecast now predicts that Taseko Mines will achieve an EPS of $0.18, a decrease from the earlier estimated $0.20. In comparison, the consensus estimate for the company's current fiscal year earnings stands at $0.14 per share. Moreover, Stifel Canada has projected Taseko Mines' FY2027 earnings to be $0.39 EPS.

Taseko Mines most recently reported its quarterly earnings on November 6th, 2024, where it posted earnings of $0.02 per share. This result fell short of analyst expectations which anticipated earnings of $0.04 per share. The company registered a net margin of 12.69% and a return on equity of 15.25%. During the quarter, Taseko Mines generated revenue of $114.08 million, exceeding analyst forecasts of $112.48 million.

Several other equity research firms have also provided insights regarding Taseko Mines. National Bank Financial upgraded its rating on Taseko shares from "sector perform" to "outperform" as noted in a research update on December 10th. Similarly, StockNews.com raised its assessment from a "sell" rating to a "hold" rating in a report released on December 11th. Currently, the stock is mainly rated as a buy by analysts, with one analyst giving a strong buy rating, and a consensus price target set at $3.50.

Current Stock Performance

On the trading platform, Taseko Mines stock (NYSE:TGB) opened at $1.92 on Tuesday. The company exhibits a debt-to-equity ratio of 1.48, alongside a current ratio of 1.71 and a quick ratio of 1.05. With a market capitalization of $584.68 million, Taseko has a price-to-earnings (P/E) ratio of 10.11 and a beta of 1.72. Over the past year, the stock has fluctuated between a low of $1.27 and a high of $3.15, with a 50-day moving average at $2.19 and a 200-day moving average at $2.26.

Institutional Investment Trends

In recent activities, various institutional investors and hedge funds have modified their stakes in Taseko Mines. Notably, Quantinno Capital Management LP initiated a new position valued at $38,000 in the third quarter, as did SG Americas Securities LLC. Additionally, Ballentine Partners LLC and Capstone Investment Advisors LLC acquired new positions estimated at around $42,000 and $56,000 respectively. In a noteworthy move, Signaturefd LLC increased its holdings in Taseko by 21.9% during the same period, bringing its total shares to 46,808, valued at $118,000. Currently, institutional and hedge fund investors own approximately 17.94% of Taseko's stock.

About Taseko Mines Limited

Taseko Mines Limited is a mining company that focuses on the acquisition, development, and operation of mineral properties. The company explores for deposits of copper, molybdenum, gold, niobium, and silver. Taseko's flagship asset is the Gibraltar mine in British Columbia, which it wholly owns. The company also holds interests in several other projects, including the Yellowhead copper project, the Aley niobium project, the New Prosperity gold and copper project in British Columbia, and the Florence copper project located in Arizona.

Earnings, Estimates, Mining