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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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11 Dec 2020 16:58

IN BRIEF: Taseko Mines Gets Environmental Permit For Arizona Project

IN BRIEF: Taseko Mines Gets Environmental Permit For Arizona Project

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8 Dec 2020 14:35

IN BRIEF: Talks Established With Taseko, First Nations Regarding Mine

IN BRIEF: Talks Established With Taseko, First Nations Regarding Mine

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12 Nov 2020 19:17

UK TRADING UPDATE SUMMARY: Clipper Expects 20% Interim Revenue Climb

UK TRADING UPDATE SUMMARY: Clipper Expects 20% Interim Revenue Climb

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27 Oct 2020 18:04

IN BRIEF: Taseko Mines Output Falls But Third Quarter Earnings Up

IN BRIEF: Taseko Mines Output Falls But Third Quarter Earnings Up

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22 Sep 2020 19:33

IN BRIEF: Taseko Mines Reports Florence Copper Asset Backing

IN BRIEF: Taseko Mines Reports Florence Copper Asset Backing

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7 Aug 2020 12:11

IN BRIEF: Taseko Mines Notes Progress On Florence Copper Project, US

IN BRIEF: Taseko Mines Notes Progress On Florence Copper Project, US

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6 Aug 2020 19:11

IN BRIEF: Taseko Posts Net Income As Copper Prices Recover

IN BRIEF: Taseko Posts Net Income As Copper Prices Recover

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4 Aug 2020 21:06

IN BRIEF: Taseko Mines Gets Aquifer Protection Permit For Florence

IN BRIEF: Taseko Mines Gets Aquifer Protection Permit For Florence

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9 Jul 2020 17:28

Taseko Mines Appoints Peter Mitchell To Board Of Directors Following AGM

Taseko Mines Appoints Peter Mitchell To Board Of Directors Following AGM

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3 Jun 2020 11:52

UK TRADING UPDATE SUMMARY: Integumen Kicks Off Covid-19 Skin Trials

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26 May 2020 17:48

Taseko Mines Confident On "Favourable" Yellowhead Regulatory Decision

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7 May 2020 16:13

UK DIRECTOR DEALINGS SUMMARY: ThinkSmart Non-Exec Buys 500,000 Shares

UK DIRECTOR DEALINGS SUMMARY: ThinkSmart Non-Exec Buys 500,000 Shares

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1 May 2020 11:18

UK EARNINGS SUMMARY: InfraStrata Targets Breakeven At Titanic Shipyard

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25 Mar 2020 09:03

Moody's Reduces Taseko's Ratings To Caa1, Changes Outlook To Negative

Moody's Reduces Taseko's Ratings To Caa1, Changes Outlook To Negative

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