Target $7.75
From Globe and Mail
Taseko Mines Ltd.
has approved a third-phase expansion at its Gibraltar mine in British Columbia, which should boost annual copper production by 50 per cent. In addition to impressive near-term growth plans, Canaccord Genuity analyst Orest Wowkodaw likes the company’s strong balance sheet, attractive relative valuation and significant leverage to the red metal.
Upside: Mr. Wowkodaw raised his price target by 75 cents to $7.75.