Bank Earnings

National Bank Financial Comments on Taseko Mines Limited (TSE:TKO) Fiscal 2022 Results

Taseko Mines Limited (TSE:TKO – Get Rating) (NYSE:TGB) – National Bank Financial has cut its fiscal 2022 earnings estimates for Taseko Mines in a research note released Monday, July 18. National Bank Financial analyst S. Nagle now expects the company to earn $0.14 per share for the year, down from his previous forecast of $0.17. The consensus estimate for Taseko Mines’ current annual earnings is $0.16 per share.

Taseko Mines (TSE:TKO – Get Rating) (NYSE:TGB) last reported results on Wednesday, May 4. The company reported EPS of C$0.02 for the quarter, missing the consensus estimate of C$0.03 by C$0.01. The company recorded revenue of C$118.33 million during the quarter.

A number of other brokerages also commented on TKO. Scotiabank cut its price target on Taseko Mines shares from C$3.00 to C$2.00 in a Thursday, July 7 report. TD Securities cut its target price on Taseko Mines from C$3.75 to C$3.25 and set a “buy” rating on the stock in a Friday, May 6 report. Stifel Nicolaus cut his price target on Taseko Mines from C$3.40 to C$2.50 in a research note on Tuesday. National Bankshares cut its price target on Taseko Mines from C$1.85 to C$1.70 and set an “industry performance” rating on the stock in a report released Tuesday. Finally, BMO Capital Markets lowered its price target on Taseko Mines shares from C$3.50 to C$3.25 in a report released Friday, May 6. One financial analyst has assigned the stock a sell rating, two have assigned a hold rating and three have assigned the stock a buy rating. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$2.73.

Taseko Mines inventories drop 2.4%

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Shares of TKO opened at C$1.22 on Wednesday. Taseko Mines has a 52 week low of C$1.15 and a 52 week high of C$3.00. The stock has a 50-day moving average of C$1.71 and a 200-day moving average of C$2.28. The company has a debt ratio of 143.79, a quick ratio of 2.33 and a current ratio of 3.06. The stock has a market capitalization of C$349.27 million and a price-earnings ratio of 6.42.

Taseko Mines Company Profile

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Taseko Mines Limited, a mining company, acquires, develops and operates mineral properties. The company explores deposits of copper, molybdenum, gold, niobium and silver. It holds a 75% interest in the Gibraltar mine located in British Columbia. It also holds a 100% 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.

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Earnings history and estimates for Taseko Mines (TSE:TKO)

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