Streetbeat News

TGB

Taseko Mines Limited

https://www.tasekomines.com

Industry

Copper

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. The company explores for copper, molybdenum, gold, niobium, and silver deposits. It holds 75% interest in the Gibraltar mine located in British Columbia. It also holds 100% interest in Yellowhead copper project, the Aley niobium project, and the New Prosperity gold and copper project located in British Columbia; and the Florence copper project located in Arizona. The company was incorporated in 1966 and is headquartered in Vancouver, Canada.

Open

2.05

Mkt cap

654M

Volume

3.4M

High

2.10

P/E Ratio

18.91

52-wk high

3.15

Low

2.02

Div yield

N/A

52-wk low

1.27

Metal commodities experienced a significant surge, with gold nearing a record high, silver reaching its highest level since 2013, and copper hitting an all-time high. This rally was driven by diminishing inflation fears, potential Federal Reserve rate cuts, and Chinese stimulus measures. Mining stocks and related ETFs saw substantial gains.

Portfolio Pulse from Piero Cingari

May 17, 2024 | 7:49 pm

Shares of copper-related companies are trading higher as copper prices rise due to Chinese measures to support the property sector.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 3:48 pm

Taseko Mines (AMEX:TGB) reported Q1 2024 adjusted EPS of C$0.03, missing the C$0.04 estimate, but sales of C$146.947M exceeded the C$128.115M forecast. This represents a 50% increase in earnings and a 27.21% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 6:39 am

TD Securities analyst Shane Nagle has maintained a Buy rating on Taseko Mines (AMEX:TGB) and increased the price target from C$3.25 to C$3.5.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 6:18 pm

Taseko has acquired 100% ownership of the Gibraltar Mine, with the acquisition involving a minimum payment of $117M spread over ten years, plus contingent payments based on copper prices and Gibraltar's cash flow. An initial payment of $5M was made to Dowa and Furukawa upon closing.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:08 pm

Taseko Mines (AMEX:TGB) reported Q4 adjusted EPS of $0.058, missing the $0.06 estimate by 3.33%, but saw a 480% increase over last year's earnings. Sales reached $122.92M, beating the $115.58M estimate by 6.35%, and marking a 64.09% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 6:28 am

Taseko Mines Limited (NYSE:TGB) reported a 26% increase in annual copper production from its Gibraltar mine, with 123 million pounds produced in the full year. Q4 2023 saw 34 million pounds of copper and 369 thousand pounds of molybdenum produced. The company experienced higher copper grades and mill throughput, despite downtime for maintenance. Copper sales volumes reached 36 million pounds in Q4, with year-end concentrate inventories above normal levels. The company anticipates continued strong performance in 2024.

Portfolio Pulse from Benzinga Newsdesk

January 10, 2024 | 1:09 pm

Taseko Mines Limited has announced the appointment of Richard Tremblay as Chief Operating Officer and Terry Morris as Vice President, Operations. Tremblay, with over 30 years of experience, has been with Taseko since 2014 and has played a key role in the Florence Copper Project. Morris brings nearly 20 years of experience and has held roles at Barrick Gold, Peabody Australia, Westmoreland Coal, and Teck Resources. The company is focusing on becoming a North American multi-asset copper producer, with the Florence Copper project expected to commence commercial operations in 2025.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 1:07 pm

Several stocks experienced significant price movements in Wednesday's mid-day session. First Wave BioPharma shares jumped 89.5% after announcing a license agreement for capeserod from Sanofi. PFSweb gained 48.3% following GXO Logistics' acquisition announcement. Taseko Mines, Avalo Therapeutics, NeuBase Therapeutics, MYT Netherlands Parent, Soluna Holdings, Nikola Corporation, Trinseo, Alaunos Therapeutics, Orchestra BioMed Holdings, Eiger BioPharmaceuticals, Uniti Group, Lixiang Education Holding, TransCode Therapeutics, and Novo Integrated Sciences also saw gains. On the other hand, Sezzle, Clearmind Medicine, BIOLASE, OKYO Pharma, IBEX, Bionomics, MicroCloud Hologram, Harpoon Therapeutics, ZyVersa Therapeutics, Super League Enterprise, Axcella Health, BIMI International Medical, Impel Pharmaceuticals, PureCycle Technologies, Ivanhoe Electric, SIMPPLE, Iovance Biotherapeutics, Radiant Logistics, CS Disco, Ambipar Emergency Response, Genius Sports, and Vital Energy saw declines.

Portfolio Pulse from Lisa Levin

September 14, 2023 | 4:58 pm

Taseko Mines, Ltd. (AMEX:TGB) shares are trading higher after the U.S. Environment Protection Agency issued a final Underground Injection Control Permit for the Florence Copper Project. The project has an after-tax NPV (8%) of $930 million at a copper price of $3.75 per pound. The company can now commence construction of the Florence Copper commercial production facility.

Portfolio Pulse from Nabaparna Bhattacharya

September 14, 2023 | 4:28 pm

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