National Bank Financial Weighs in on Taseko Mines Ltd’s FY2018 Earnings (TGB)

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Taseko Mines Ltd (NYSEAMERICAN:TGB) (TSE:TKO) – Research analysts at National Bank Financial reduced their FY2018 earnings estimates for Taseko Mines in a report issued on Sunday, February 3rd. National Bank Financial analyst D. Demarco now expects that the mining company will post earnings of ($0.03) per share for the year, down from their previous forecast of ($0.02). National Bank Financial has a “Buy” rating on the stock.

Separately, Zacks Investment Research upgraded shares of Taseko Mines from a “sell” rating to a “hold” rating in a report on Wednesday, November 28th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $0.75.

TGB opened at $0.60 on Wednesday. Taseko Mines has a 52-week low of $0.44 and a 52-week high of $1.89.

Large investors have recently modified their holdings of the stock. Credit Suisse AG acquired a new position in Taseko Mines in the 3rd quarter worth approximately $640,000. Renaissance Technologies LLC increased its holdings in Taseko Mines by 11.1% in the 3rd quarter. Renaissance Technologies LLC now owns 6,994,904 shares of the mining company’s stock worth $5,596,000 after buying an additional 699,104 shares during the period. CIBC World Markets Inc. increased its holdings in Taseko Mines by 44.7% in the 3rd quarter. CIBC World Markets Inc. now owns 492,198 shares of the mining company’s stock worth $394,000 after buying an additional 152,148 shares during the period. Finally, Bank of Montreal Can increased its holdings in Taseko Mines by 37,886.9% in the 4th quarter. Bank of Montreal Can now owns 6,129,570 shares of the mining company’s stock worth $2,899,000 after buying an additional 6,113,434 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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