Taseko Mines Limited (NASDAQ:TGB) Expected to Announce Earnings of -$0.03 Per Share

Equities analysts expect that Taseko Mines Limited (NASDAQ:TGB) will post earnings per share of ($0.03) for the current quarter, according to Zacks. Zero analysts have made estimates for Taseko Mines’ earnings. Taseko Mines reported earnings per share of ($0.01) during the same quarter last year, which would indicate a negative year over year growth rate of 200%. The business is expected to announce its next quarterly earnings results on Tuesday, February 11th.

According to Zacks, analysts expect that Taseko Mines will report full year earnings of ($0.19) per share for the current financial year. For the next financial year, analysts expect that the firm will post earnings of ($0.11) per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Taseko Mines.

Taseko Mines (NASDAQ:TGB) last announced its earnings results on Wednesday, November 6th. The company reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06). The business had revenue of $62.44 million for the quarter.

Separately, National Bank Financial lowered Taseko Mines from an “outperform spec overweight” rating to a “sector perform spec overwgt” rating in a research note on Sunday, November 17th.

Shares of TGB stock remained flat at $$0.57 during trading hours on Tuesday. The stock had a trading volume of 246,400 shares, compared to its average volume of 646,133. The company has a 50 day moving average price of $0.46 and a 200-day moving average price of $0.44. Taseko Mines has a 12 month low of $0.38 and a 12 month high of $0.79.

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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