Taseko Mines Ltd (TGB) Forecasted to Earn Q4 2018 Earnings of $0.00 Per Share

Taseko Mines Ltd (NYSEAMERICAN:TGB) (TSE:TKO) – Stock analysts at National Bank Financial issued their Q4 2018 earnings estimates for shares of Taseko Mines in a research note issued on Tuesday, December 4th. National Bank Financial analyst D. Demarco anticipates that the mining company will earn $0.00 per share for the quarter. National Bank Financial has a “Buy” rating on the stock. National Bank Financial also issued estimates for Taseko Mines’ FY2019 earnings at $0.09 EPS.

A number of other research firms also recently issued reports on TGB. Zacks Investment Research upgraded shares of Taseko Mines from a “sell” rating to a “hold” rating in a research note on Wednesday, November 28th. TheStreet downgraded shares of Taseko Mines from a “c-” rating to a “d” rating in a research note on Friday, August 31st. Finally, TD Securities upgraded shares of Taseko Mines from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Taseko Mines presently has an average rating of “Buy” and a consensus target price of $0.75.

Shares of NYSEAMERICAN:TGB opened at $0.66 on Thursday. Taseko Mines has a one year low of $0.59 and a one year high of $2.38.

Taseko Mines (NYSEAMERICAN:TGB) (TSE:TKO) last issued its earnings results on Wednesday, October 31st. The mining company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). The firm had revenue of $56.85 million for the quarter.

Several large investors have recently bought and sold shares of TGB. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Taseko Mines during the second quarter worth $230,000. Millennium Management LLC raised its holdings 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 during the last quarter. CIBC World Markets Inc. raised its holdings 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 during the last quarter. Credit Suisse AG purchased a new position in shares of Taseko Mines during the third quarter worth $640,000. Finally, Renaissance Technologies LLC raised its holdings 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 during the last quarter.

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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