Taseko Mines (TSE:TKO) First Quarter 2024 Results
Key Financial Results
- Revenue: CA$146.9m (up 27% from 1Q 2023).
- Net income: CA$18.9m (up 326% from 1Q 2023).
- Profit margin: 13% (up from 3.8% in 1Q 2023).
- EPS: CA$0.065 (up from CA$0.015 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Taseko Mines Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 100%.
Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in Canada.
Performance of the Canadian Metals and Mining industry.
The company’s shares are down 1.5% from a week ago.
Risk Analysis
You still need to take note of risks, for example – Taseko Mines has 3 warning signs (and 1 which…
