Taseko Mines Limited ($TGB) 3Q20 Earnings Preview

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Taseko Mines Limited (AMEX:TGB) is expected to report third quarter earnings results, after market close, on Monday 26th October 2020.

Previous Quarter Performance

Taseko Mines Limited communicated income for the second quarter of $ 0.02 per share, from the revenue of $ 58.56 million. The consensus estimates are income of $ 0.01 per share from $ 57.77 million in revenue. The bottom line results beat street analysts by $ 0.01 or 100.00 percent, at the same time, top line results outshined analysts by $ 0.79 million or 1.37 percent.

Stock Performance

On Friday, shares of Taseko Mines Limited has traded high as $ 1.16 and has cracked $ 1.10 on the downward trend, reaching $ 1.14 with volume of 699.50 thousand shares.

According to the previous trading day, closing price of $ 1.14, representing a 475.00 % increase from the 52 week low of $ 0.20 and a 14.18 % decrease over the 52 week high of $ 1.34.

The company has a market capital of $ 278.85 million and is part of the Basic Materials sector and Industrial Metals & Minerals industry.

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.