FY2018 EPS Estimates for Taseko Mines Ltd Decreased by National Bank Financial (TKO)

Taseko Mines Ltd (TSE:TKO) (NYSE:TGB) – Investment analysts at National Bank Financial cut their FY2018 earnings per share estimates for Taseko Mines in a research report issued on Tuesday, December 4th. National Bank Financial analyst D. Demarco now expects that the company will post earnings of ($0.03) per share for the year, down from their previous estimate of ($0.01). National Bank Financial has a “Outperform” rating and a $1.85 price objective on the stock. National Bank Financial also issued estimates for Taseko Mines’ FY2020 earnings at $0.13 EPS.

Taseko Mines (TSE:TKO) (NYSE:TGB) last issued its quarterly earnings data on Wednesday, October 31st. The company reported C$0.01 earnings per share for the quarter, missing the consensus estimate of C$0.03 by C($0.02). The business had revenue of C$74.30 million during the quarter.

Separately, TD Securities upgraded Taseko Mines from a “hold” rating to a “speculative buy” rating and dropped their price objective for the company from C$1.85 to C$1.70 in a research note on Thursday, August 9th.

Shares of TSE:TKO opened at C$0.80 on Friday. The company has a debt-to-equity ratio of 95.93, a quick ratio of 0.79 and a current ratio of 1.74. Taseko Mines has a 1-year low of C$0.76 and a 1-year high of C$2.98.

About Taseko Mines

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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