TGB Earnings Prediction
The chart below shows how TGB performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TGB sees a +1.73% change in stock price 10 days leading up to the earnings, and a -0.44% change 10 days following the report. On the earnings day itself, the stock moves by +2.30%. This data can give you a slight idea of what to expect for the next quarter's release.
TGB Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
155.62M
8.19%
12.99%
Gross Margin
17.15%
-50.12%
-47.44%
Operating Margin
12.25%
-62.14%
-56.03%
Net Margin
-0.12%
-119.67%
-98.49%
EPS
-0.00
--
-100.00%
No Data Available
TGB Earnings Analysis
Taseko Mines Limited Corporation (TGB.A) Earnings Conference Call
Positive
Cash Reserves and Liquidity: 1. Strong Cash Position: Taseko Mines reported a cash balance of over CAD 200 million at the end of Q3 2024, with an undrawn credit facility, providing significant liquidity for future initiatives.
Molybdenum Production Surge: 2. Increased Molybdenum Production: Molybdenum production surged to over 400,000 pounds in Q3 2024, the highest quarterly output since 2021, driven by higher grades in the new Connector pit.
Strong Operational Efficiency: 3. Solid Financial Performance: The company generated $48 million in adjusted EBITDA and $65 million in operating cash flow during Q3 2024, reflecting strong operational efficiency despite challenges.
Copper Price Performance: 4. Healthy Realized Copper Price: Taseko achieved a realized copper price of $4.23 per pound in Q3 2024, contributing to robust financial results amid fluctuating market conditions.
Construction Milestones Achieved: 5. Construction Progress at Florence: The Florence project is on track, with $97 million spent on construction to date and significant milestones achieved, including the installation of process equipment and completion of 40 out of 90 planned wells.
Negative
Revised Copper Production Forecast: 1. Lowered Production Guidance: Taseko Mines revised its copper production forecast for the year to between 105 million and 110 million pounds, down from the original guidance of 115 million pounds due to lower mill availability.
Rising Unit Costs: 2. Increased Unit Costs: The C1 cash cost rose to US$2.92 per pound, influenced by lower production volumes and a reduced allocation of capitalized stripping costs, indicating a higher cost structure.
Non-Cash Accretion Analysis: 3. Non-Cash Accretion Impact: The company reported $13 million in noncash accretion on its Cariboo earn-out liability, which reflects rising copper prices but does not contribute to cash flow, indicating potential future financial strain.
Construction Cost Increase: 4. High Construction Spending: Taseko spent $42 million on the Florence construction facility in Q3, an increase of $6 million from the previous quarter, indicating escalating costs that could impact future profitability.
Lack of Profitability: 5. No GAAP Earnings: The company posted GAAP earnings of nil per share, highlighting a lack of profitability in the quarter despite adjusted earnings of $0.03 per share.
TGB FAQs
How does TGB typically perform around its earnings report dates?
Is Taseko Mines Limited (TGB) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
TGB Earning Call Sentiment
Taseko Mines Limited (TGB) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
TGB.A
0.95%Positive
The earnings call presents mixed signals. The financial performance shows steady operational cash flow and a strong cash position, but is offset by reduced copper production and labor strikes. The market strategy is unclear due to regulatory challenges and cost overruns. Share issuance may dilute shareholder value, though credit facility improvements are positive. Q&A insights reveal operational challenges and unclear project timelines. While some financial metrics are strong, the risks and uncertainties balance out the positives, leading to a neutral sentiment.
