05:11:20 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Taseko Mines Ltd
Symbol TKO
Shares Issued 221,808,638
Close 2015-10-02 C$ 0.60
Market Cap C$ 133,085,183
Recent Sedar Documents

Lundin says hold Taseko

2015-10-02 21:32 ET - In the News

Brien Lundin, in the September, 2015, edition of the Gold Newsletter, says hold Taseko Mines Ltd., recently 56 cents. Mr. Lundin said buy three times between December, 2003, and October, 2007, at prices ranging from $1.48 to $5.16. He then said sell in December, 2007, at $4.93. Assuming a $1,000 investment for each of the three buys, selling the $3,000 position yielded a $3,955 profit. Mr. Lundin said buy four more times between August, 2010, and September, 2013, at prices ranging from $2.15 to $4.22. Assuming a $1,000 investment for each of the four new buys, the $4,000 position is now worth $714. In the second quarter of 2015, the company had revenue of $103.3-million, up from $61.8-million in the first quarter of 2015. As well, the company's Gibraltar mine produced 39.8 million pounds of copper and 474,000 pounds of molybdenum in the second quarter. Taseko's management believes Gibraltar can continue producing these types of numbers. Mr. Lundin says if that prediction is accurate and if the price of copper goes up, then Taseko's stock should enjoy a nice bounce. Unfortunately, right now the prices of commodities are in a slump so Taseko remains a hold.

© 2024 Canjex Publishing Ltd. All rights reserved.