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Pin to quick picksTaseko Mines L. Share News (TKO)

Share Price Information for Taseko Mines L. (TKO)

London Stock Exchange
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Share Price: 185.00
Bid: 180.00
Ask: 190.00
Change: 0.00 (0.00%)
Spread: 10.00 (5.556%)
Open: 185.00
High: 185.00
Low: 185.00
Prev. Close: 185.00
TKO Live PriceLast checked at -

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Liberum stays at 'buy' on Taseko, sees share price doubling in 12 months

Mon, 24th Aug 2020 19:13

(Sharecast News) - Analysts at Liberum reiterated their 'buy' recommendation and 125.0p target price on shares of Taseko following favourable coverage on the copper miner's shares in the Mail on Sunday, telling clients that they expected the share price to double again over the next 12 months.
According to analyst Ben Davis, the stock offered excellent leverage to the rising price of copper, which had rebounded hard thanks to Chinese government stimulus and supply disruptions.

He also pointed to the valuation discount that the shares were trading on and the panoply of potential positive catalysts ahead for the shares.

By his estimates, the shares were changing hands on a EV/EBITDA multiple of 3.7 against rival Antofagasta on 6.5.

The shares were also likely to benefit when the outfit's Florence project obtained final authorisation to go ahead, an event which he had penciled-in for early next year, as well as when a minority partner for Florence was announced.

"What has held back interest in the stock back is the lack of liquidity in the London line, which hopefully should benefit from being in the tips over the weekend," he added.

David was also "unconcerned" regarding the $250m of debt that the company would need to refinance in 2022.

"We are unconcerned by this, Gibraltar (the operating asset) has at least 18 years mine life left and the last refinancing was done at $2.62/lb in 2017, versus spot today $2.95/lb. and we expect the financing to be done at a cheaper rate. Remains our top pick in base metals."

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4 Nov 2022 11:44

Taseko Mines shares rise as adjusted earnings jump quarter-on-quarter

(Alliance News) - Taseko Mines Ltd on Friday reported a fall in third-quarter adjusted earnings as cost of sales grew even as revenue dropped from a year ago. However, the figures marked an improvement from the second quarter.

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15 Aug 2022 12:06

IN BRIEF: Taseko shares rise on permit progress for copper project

Taseko Mines Ltd - Vancouver-based mining company mainly focused in North America - Says draft underground injection control permit for its Florence copper project has been issued by the US Environmental Protection Agency. The public comment period for the draft permit will end on September 29, lasting 45 days.

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9 Aug 2022 21:31

IN BRIEF: Taseko Mines production drops in second quarter

Taseko Mines Ltd - Vancouver-based mining company mainly focused in North America - In the quarter ended June 30, revenue falls to CAD82.9 million, GBP53.3 million, from CAD111.0 million a year before. Swings to net loss of CAD5.3 million from profit of CAD13.4 million. Total tonnes mined dips 2.6% to 22.3 million from 24.9 million, as total production falls 6.1% to 20.7 million pounds of copper from 26.8 million pounds. Notes average head grades of 0.17% were lower than expected, as the complexity of the ore zones mined in the upper benches at Gibraltar pit caused higher than normal mining dilution. Expects grades and copper production to improve "significantly" over the remainder of the year. Expects to hit lower range of annual production guidance of 115 million pounds plus or minus 5%, owing to challenging conditions in the first half.

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5 May 2022 16:58

EARNINGS UPDATES: Taseko swings to profit; Directa Plus loss narrows

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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20 Apr 2022 15:17

DIRECTOR DEALINGS: Purchases of Dunelm, Spirax-Sarco and JTC shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Wednesday and not separately reported by Alliance News:

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20 Apr 2022 13:12

Director dealings: Dunelm non-exec invests £0.3m, Taseko director makes £0.4m sale

(Sharecast News) - Dunelm was at the top of the list of buys on Wednesday afternoon, after it disclosed a non-executive director purchase worth almost £0.3m.

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8 Apr 2022 21:08

DIRECTOR DEALINGS: Taseko Mines director buys shares worth USD293,000

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Thursday and not separately reported by Alliance News:

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1 Apr 2022 05:54

IN BRIEF: Taseko ups reserves and extends life at Gibraltar mine

Taseko Mines Ltd - Vancouver-based mining company mainly focused in North America - Reports 706 million tonnes of proven and probable sulphide reserves at its 75% owned Gibraltar mine in British Columbia, Canada. New reserve extends mine life to 23 years with a total recoverable metal of 3.0 billion pounds of copper and 53 million pounds of molybdenum.

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4 Mar 2022 20:53

TRADING UPDATES: IOG to cut Gazprom ties; wholesale changes at Donegal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and Tuesday and not separately reported by Alliance News:

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23 Feb 2022 15:58

Taseko Mines boasts best financial year on strong copper prices

(Alliance News) - Taseko Mines Ltd said on Wednesday it had seen its "best financial results" as a result of strong copper prices throughout the year, swinging to a net income profit in the fourth quarter.

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13 Jan 2022 16:14

IN BRIEF: Taseko Mines production in Gibraltar declines in 2021

IN BRIEF: Taseko Mines production in Gibraltar declines in 2021

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31 Dec 2021 10:49

IN BRIEF: Taseko Chief Executive sells USD158,000 worth of shares

IN BRIEF: Taseko Chief Executive sells USD158,000 worth of shares

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7 Dec 2021 12:02

Liberum upgrades Rio Tinto to 'hold', says bad news priced in

(Sharecast News) - Liberum upgraded Rio Tinto to 'hold' from 'sell' on Tuesday as it argued that bad news was now priced in.

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22 Nov 2021 21:30

IN BRIEF: Taseko given draft for Florence injection control permit

IN BRIEF: Taseko given draft for Florence injection control permit

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5 Nov 2021 14:35

TRADING UPDATES: Berkeley Energia served writ; Equiniti takeover nears

TRADING UPDATES: Berkeley Energia served writ; Equiniti takeover nears

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