National Bank Financial Analysts Decrease Earnings Estimates for Taseko Mines Ltd (TGB)
Taseko Mines Ltd (NYSEAMERICAN:TGB) (TSE:TKO) – Investment analysts at National Bank Financial cut their FY2018 earnings per share (EPS) estimates for shares of Taseko Mines in a research note issued on Tuesday, December 4th. National Bank Financial analyst D. Demarco now anticipates that the mining company will post earnings of ($0.02) per share for the year, down from their previous estimate of ($0.01). National Bank Financial currently has a “Buy” rating on the stock. National Bank Financial also issued estimates for Taseko Mines’ FY2020 earnings at $0.10 EPS.
Taseko Mines (NYSEAMERICAN:TGB) (TSE:TKO) last issued its quarterly earnings data on Wednesday, October 31st. The mining company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The company had revenue of $56.85 million for the quarter.
Shares of NYSEAMERICAN:TGB opened at $0.62 on Friday. Taseko Mines has a 52 week low of $0.59 and a 52 week high of $2.38.
Several hedge funds have recently modified their holdings of TGB. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Taseko Mines during the second quarter worth $230,000. Millennium Management LLC increased its position in shares of Taseko Mines by 58.8% during the first quarter. Millennium Management LLC now owns 261,764 shares of the mining company’s stock worth $301,000 after purchasing an additional 96,892 shares in the last quarter. CIBC World Markets Inc. increased its position in shares of Taseko Mines by 44.7% during the third quarter. CIBC World Markets Inc. now owns 492,198 shares of the mining company’s stock worth $394,000 after purchasing an additional 152,148 shares in the last quarter. Credit Suisse AG acquired a new position in shares of Taseko Mines during the third quarter worth $640,000. Finally, Renaissance Technologies LLC increased its position in shares of Taseko Mines by 11.1% during the third quarter. Renaissance Technologies LLC now owns 6,994,904 shares of the mining company’s stock worth $5,596,000 after purchasing an additional 699,104 shares in the last quarter.
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.
Further Reading: Why do corrections happen?
Receive News & Ratings for Taseko Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taseko Mines and related companies with MarketBeat.com's FREE daily email newsletter.