Taseko Mines First Quarter 2024 Earnings: Beats Expectations

Simply Wall St

May 03, 2024

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).

earnings-and-revenue-growth — TSX:TKO Earnings and Revenue Growth May 3rd 2024

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 makes us a bit uncomfortable) we think you should know about.

Valuation is complex, but we're here to simplify it.

Discover if Taseko Mines might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.