National Bank Financial Weighs in on Taseko Mines Ltd’s Q3 2019 Earnings (NYSEAMERICAN:TGB)

Taseko Mines Ltd (NYSEAMERICAN:TGB) (TSE:TKO) – Analysts at National Bank Financial issued their Q3 2019 EPS estimates for shares of Taseko Mines in a research report issued on Sunday, October 20th. National Bank Financial analyst D. Demarco expects that the mining company will post earnings of ($0.05) per share for the quarter.

Taseko Mines (NYSEAMERICAN:TGB) (TSE:TKO) last issued its quarterly earnings data on Wednesday, August 7th. The mining company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The business had revenue of $64.68 million during the quarter.

Several other analysts have also recently issued reports on TGB. TD Securities cut shares of Taseko Mines from a “speculative buy” rating to a “hold” rating in a research note on Monday, July 22nd. Zacks Investment Research lowered shares of Taseko Mines from a “hold” rating to a “sell” rating in a report on Friday, October 4th. Scotiabank lowered shares of Taseko Mines from a “sector perform” rating to an “underperform” rating in a report on Tuesday, October 15th. Finally, BMO Capital Markets assumed coverage on shares of Taseko Mines in a report on Friday, July 5th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold”.

NYSEAMERICAN TGB opened at $0.43 on Wednesday. Taseko Mines has a 52-week low of $0.38 and a 52-week high of $0.79.

Institutional investors and hedge funds have recently bought and sold shares of the company. United Capital Financial Advisers LLC purchased a new position in shares of Taseko Mines during the second quarter valued at approximately $54,000. PenderFund Capital Management Ltd. purchased a new stake in Taseko Mines in the second quarter worth $14,177,000. Morgan Stanley grew its stake in Taseko Mines by 95.0% in the second quarter. Morgan Stanley now owns 346,703 shares of the mining company’s stock worth $184,000 after purchasing an additional 168,889 shares during the period. Finally, Renaissance Technologies LLC grew its stake in Taseko Mines by 10.3% in the second quarter. Renaissance Technologies LLC now owns 8,082,234 shares of the mining company’s stock worth $4,284,000 after purchasing an additional 751,444 shares during the period.

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 (NYSEAMERICAN:TGB)

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