16:33:27 EDT Sun 28 Apr 2024
Enter Symbol
or Name
USA
CA



Taseko Mines Ltd
Symbol TKO
Shares Issued 290,479,596
Close 2024-03-26 C$ 2.82
Market Cap C$ 819,152,461
Recent Sedar Documents

Globe says Taseko Mines maintained at "buy"

2024-03-27 07:52 ET - In the News

The Globe and Mail reports in its Wednesday, March 27, edition that Stifel analyst Cole McGill has resumed coverage on Taseko Mines with a "buy" recommendation and a $3.75 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $3.75. Mr. McGill says in a note: "Proven operational viability, world-class jurisdictions, readily available funds to start construction and a strong copper market backdrop, ideally position Taseko to propel its growth trajectory by moving Florence into production. With permits and funding secured, we see 2025 production start-up as achievable, ultimately resulting in Taseko's consolidated copper production increasing to nearly 200 Mlb by 2027. ... Our favoured growth idea remains Taseko, which represents a step change, funded growth story able to lift volumes by 71 per cent over the next three years and decrease costs 30 per cent alongside a rerate as the Florence project gains market confidence. For the risk-aversed we point to Lundin Mining, which while expensive provides a one-two punch of step change growth via the generational giant Vicuna alongside a peer leading 2.6-per-cent divvy."

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