Taseko Mines (TKO) Share Price, News & Analysis

Company Overview

Taseko Mines is a dynamic and growing mining company focused on the operation and development of copper mines in North America. Headquartered in Vancouver, Taseko operates the state-of-the-art Gibraltar Mine (100% owned), the second largest copper mine in Canada, with a nearly 700-person workforce producing an average of 140 million pounds of copper and 2.5 million pounds of molybdenum per year. In addition to the Yellowhead copper project and the Aley niobium project, Taseko is also advancing the Florence Copper project in Arizona – a near-term copper producer with an unparalleled energy, water and GHG profile per unit of production. Florence Copper is a unique ‘in-situ copper recovery’ project which significantly increase Taseko’s annual metal production, delivering a necessary metal our society requires for a low-carbon future. The Florence Copper Project is now fully permitted and construction ready. This US$230m project in Arizona, is a unique in-situ copper recovery project that boasts significantly reduced energy consumption, carbon emissions and water use when compared with a similar sized conventional copper mine. Producing cathode on site, Florence’s annual output of 85Mlbs would significantly boost group production. Taseko has reported full year 2023 Adjusted EBITDA of $190 million and Earnings from mining operations before depletion and amortization of $207 million. Revenues for 2023 were $525 million, 34% higher than the prior year. Gibraltar sold 120.7 million pounds of copper for the year (100% basis) which contributed to revenue for Taseko of $525.0 million, the highest annual revenue Taseko has ever recorded.

Key Stats

• Today's Range: 237 to 242.60
• 50-Day Range: 147 to 233
• 52-Week Range: 125.50 to 242.60
• Volume: 144 shs
• Average Volume: 5,959 shs
• Market Capitalization: £1.31 billion
• P/E Ratio: 15.72
• Dividend Yield: N/A
• Price Target: GBX 282.50
• Consensus Rating: Buy

Taseko Mines Stock Analysis - MarketRank™

Taseko Mines scored higher than 28% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Taseko Mines has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Taseko Mines has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Taseko Mines is 15.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 25.53.

Price to Earnings Ratio vs. Sector

The P/E ratio of Taseko Mines is 15.72, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 94.43.

Price to Book Value per Share Ratio

Taseko Mines has a P/B Ratio of 1.38. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for TKO.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Taseko Mines does not currently pay a dividend.

Dividend Growth

Taseko Mines does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for TKO.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.34

News Sentiment

Taseko Mines has a news sentiment score of 0.34. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.52 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Taseko Mines this week, compared to 0 articles on an average week.

Search Interest

13 people have searched for TKO on MarketBeat in the last 30 days. This is an increase of 30% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Taseko Mines insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.58% of the stock of Taseko Mines is held by insiders.

Percentage Held by Institutions

Only 30.82% of the stock of Taseko Mines is held by institutions.

TKO Stock Analysis - Frequently Asked Questions

How have TKO shares performed this year?

Taseko Mines' stock was trading at GBX 162.50 at the start of the year. Since then, TKO shares have increased by 49.3% and is now trading at GBX 242.60.

How do I buy shares of Taseko Mines?

Shares of TKO stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.

What other stocks do shareholders of Taseko Mines own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Taseko Mines investors own include Cameco (CCJ), Bravo Multinational (BRVO), Beach Energy (BPT), Borr Drilling (BORR), Bunker Hill Mining (BNKR), Alstom (ALO) and Alamos Gold (AGI).

Industry, Sector and Symbol

• Stock Exchange: LON
• Sector: Basic Materials
• Industry: Copper
• Sub-Industry: Entertainment
• Current Symbol: LON:TKO
• CIK: N/A
• Web: www.tasekomines.com
• Phone: 778-373-4533
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: GBX 282.50
• High Stock Price Target: GBX 290
• Low Stock Price Target: GBX 275
• Potential Upside/Downside: +16.4%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Trailing Twelve Months): GBX 15.43
• Trailing P/E Ratio: 15.72
• Forward P/E Ratio: 15.49
• P/E Growth: N/A
• Net Income: £148.77 million
• Net Margins: 12.66%
• Pretax Margin: N/A
• Return on Equity: 16.33%
• Return on Assets: 3.36%

Debt

• Debt-to-Equity Ratio: 152.91
• Current Ratio: 1.71
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: £1.18 billion
• Price / Sales: 1.12
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: GBX 175.84 per share
• Price / Book: 1.38

Miscellaneous

• Outstanding Shares: 541,803,294
• Free Float: N/A
• Market Cap: £1.31 billion
• Optionable: Not Optionable
• Beta: 1.92