National Bank Financial Research Analysts Reduce Earnings Estimates for Taseko Mines Ltd (TSE:TKO)

Taseko Mines Ltd (TSE:TKO) (NYSE:TGB) – Investment analysts at National Bank Financial reduced their FY2021 EPS estimates for Taseko Mines in a research report issued to clients and investors on Wednesday, November 6th. National Bank Financial analyst D. Demarco now anticipates that the company will post earnings per share of $0.02 for the year, down from their prior forecast of $0.06. National Bank Financial has a “Outperform” rating and a $1.00 price target on the stock.

Other equities analysts have also recently issued reports about the stock. TD Securities cut shares of Taseko Mines from a “speculative buy” rating to a “hold” rating and dropped their target price for the company from C$1.30 to C$0.85 in a research report on Monday, July 22nd. BMO Capital Markets dropped their target price on shares of Taseko Mines from C$1.25 to C$1.00 in a research report on Thursday, September 26th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of C$1.17.

TSE TKO traded down C$0.01 during trading on Friday, reaching C$0.59. The company’s stock had a trading volume of 55,300 shares, compared to its average volume of 168,269. The firm has a 50 day moving average price of C$0.56 and a 200 day moving average price of C$0.64. The firm has a market capitalization of $147.72 million and a price-to-earnings ratio of -4.18. The company has a current ratio of 1.66, a quick ratio of 0.82 and a debt-to-equity ratio of 109.29. Taseko Mines has a 12 month low of C$0.50 and a 12 month high of C$1.05.

Taseko Mines (TSE:TKO) (NYSE:TGB) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C($0.02) by C($0.05). The business had revenue of C$86.52 million for the quarter.

In other news, Director Russell Edward Hallbauer bought 180,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was bought at an average cost of C$0.54 per share, for a total transaction of C$97,200.00. Following the transaction, the director now owns 3,511,848 shares of the company’s stock, valued at C$1,896,397.92.

Taseko Mines Company Profile

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties in Canada and the United States. The company explores for copper, molybdenum, gold, niobium, and silver deposits. It holds a 75% interest in the Gibraltar copper-molybdenum mine located in south-central British Columbia.

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Earnings History and Estimates for Taseko Mines (TSE:TKO)

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