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: 525 to 537.50
• 50-Day Range: 468 to 612
• 52-Week Range: 204 to 665
• Volume: 2,000 shs
• Average Volume: 6,640 shs
• Market Capitalization: £1.92 billion
• P/E Ratio: 105.00
• Dividend Yield: N/A
• Price Target: GBX 390
• Consensus Rating: Buy

Taseko Mines Stock Analysis - MarketRank™

Taseko Mines scored higher than 10% 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: 1.5 / 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 no strong buy ratings, 1 buy rating, no hold ratings, and no sell ratings.

Downside Risk

Taseko Mines has a consensus price target of GBX 390, representing about 25.7% downside from its current price of GBX 525.

Amount of Analyst Coverage

Taseko Mines has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Taseko Mines is 105.00, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 38.84.

Price to Earnings Ratio vs. Sector

The P/E ratio of Taseko Mines is 105.00, which means that it is trading at a more expensive P/E ratio than the Basic Materials sector average P/E ratio of about 22.95.

Price to Book Value per Share Ratio

Taseko Mines has a P/B Ratio of 2.99. 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.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: N/A

News Sentiment

Taseko Mines has a news sentiment score of 1.02. 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 higher news sentiment than the 0.62 average news sentiment score of Basic Materials companies.

Search Interest

Only 17 people have searched for TKO on MarketBeat in the last 30 days. This is a decrease of -23% compared to the previous 30 days.

Company Ownership

• Score: 0.4 / 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

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

Percentage Held by Institutions

22.76% of the stock of Taseko Mines is held by institutions.

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 Price Target for Taseko Mines: GBX 390
• High Price Target: GBX 390
• Low Price Target: GBX 390
• Potential Upside/Downside: -25.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Trailing Twelve Months): GBX 5
• Trailing P/E Ratio: 105.00
• Forward P/E Ratio: 33.52
• P/E Growth: N/A
• Net Income: £148.77 million
• Net Margins: 2.00%
• Pretax Margin: N/A
• Return on Equity: 2.27%
• Return on Assets: 3.36%

Debt

• Debt-to-Equity Ratio: 107.01
• Current Ratio: 1.37
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: £770.85 million
• Price / Sales: 2.49
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: GBX 175.84 per share
• Price / Book: 2.99

Miscellaneous

• Outstanding Shares: 365,647,000
• Free Float: N/A
• Market Cap: £1.92 billion
• Optionable: Not Optionable
• Beta: 1.98