Taseko Mines Ltd (NYSEAMERICAN:TGB) (TSE:TKO) – Investment analysts at National Bank Financial upped their FY2019 earnings per share estimates for shares of Taseko Mines in a research report issued to clients and investors on Thursday, according to Zacks Investment Research. National Bank Financial analyst D. Demarco now forecasts that the mining company will post earnings of $0.21 per share for the year, up from their prior forecast of $0.20. National Bank Financial also issued estimates for Taseko Mines’ FY2020 earnings at $0.14 EPS.
Other analysts have also issued reports about the stock. Scotiabank upgraded shares of Taseko Mines from an “underperform” rating to a “sector perform” rating in a report on Tuesday, March 6th. Cantor Fitzgerald began coverage on shares of Taseko Mines in a report on Friday, January 26th. They issued a “buy” rating for the company. Finally, Zacks Investment Research lowered shares of Taseko Mines from a “buy” rating to a “hold” rating in a report on Wednesday, December 20th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Taseko Mines currently has a consensus rating of “Buy” and a consensus target price of $2.50.
Taseko Mines (NYSEAMERICAN TGB) traded down $0.03 during trading on Monday, hitting $1.39. 481,775 shares of the stock were exchanged, compared to its average volume of 1,092,125. The stock has a market capitalization of $341.30, a price-to-earnings ratio of 11.83 and a beta of 2.62. Taseko Mines has a one year low of $1.00 and a one year high of $2.46.
Taseko Mines (NYSEAMERICAN:TGB) (TSE:TKO) last posted its earnings results on Wednesday, February 21st. The mining company reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.10). The firm had revenue of $95.40 million for the quarter, compared to analysts’ expectations of $89.30 million. Taseko Mines had a negative return on equity of 8.19% and a negative net margin of 7.97%. The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.07 earnings per share.
Several institutional investors and hedge funds have recently made changes to their positions in TGB. Acadian Asset Management LLC increased its position in shares of Taseko Mines by 65.1% during the fourth quarter. Acadian Asset Management LLC now owns 8,643,207 shares of the mining company’s stock valued at $20,140,000 after acquiring an additional 3,407,837 shares in the last quarter. Hillsdale Investment Management Inc. increased its position in shares of Taseko Mines by 358.3% during the third quarter. Hillsdale Investment Management Inc. now owns 3,718,800 shares of the mining company’s stock valued at $6,979,000 after acquiring an additional 2,907,300 shares in the last quarter. Greystone Managed Investments Inc. increased its position in shares of Taseko Mines by 39.6% during the third quarter. Greystone Managed Investments Inc. now owns 3,653,450 shares of the mining company’s stock valued at $6,836,000 after acquiring an additional 1,037,300 shares in the last quarter. OxFORD Asset Management LLP bought a new stake in shares of Taseko Mines during the third quarter valued at approximately $1,175,000. Finally, Alliancebernstein L.P. increased its position in shares of Taseko Mines by 396.5% during the fourth quarter. Alliancebernstein L.P. now owns 705,641 shares of the mining company’s stock valued at $1,644,000 after acquiring an additional 563,521 shares in the last quarter.
Taseko Mines Company Profile
Taseko Mines Limited is a mining company. The Company 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. Its projects represent a range of metals, including gold, copper and niobium.
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