Taseko Mines Ltd T.TKO

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[TELEMARKER]

Globe says Taseko Mines maintained at "buy"

2024-03-27 07:52 ET - In the News

The Globe and Mail reports in its Wednesday, March 27, edition that Stifel analyst Cole McGill has resumed coverage on Taseko Mines with a "buy" recommendation and a $3.75 share target. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $3.75. Mr. McGill says in a note: "Proven operational viability, world-class jurisdictions, readily available funds to start construction and a strong copper market backdrop, ideally position Taseko to propel its growth trajectory by moving Florence into production. With permits and funding secured, we see 2025 production start-up as achievable, ultimately resulting in Taseko's consolidated copper production increasing to nearly 200 Mlb by 2027. ... Our favoured growth idea remains Taseko, which represents a step change, funded growth story able to lift volumes by 71 per cent over the next three years and decrease costs 30 per cent alongside a rerate as the Florence project gains market confidence. For the risk-aversed we point to Lundin Mining, which while expensive provides a one-two punch of step change growth via the generational giant Vicuna alongside a peer leading 2.6-per-cent divvy."

[JCSunsfan]

70% increase in overall production coming. 30% overall decrease in cost of production. All financing in hand for Florence build Permits in hand. Extremely bullish outlook for copper Just increase production by automatic 12.5% in a purchase that is accretive to cash flow on all levels. Present PE is at 11. The one negative.  An easily manageable debt.

[nofluff]

I believe the stock house pe math correctly shows it at 14 times. Which is about par for the course  Sp is about a billion mc and debt is about a billion both cad.  Hud bay is at 28 times. But that is no debt and cash in the bank. Both corps are traveling with copper:)) If copper holds and ncu meets guidance, math says 30 bags from here by year end. I know. Right now u r thinking

[JCSunsfan]

Which divisor are you using.   Non-gaap earnings were ..28 per share.  Gaap earnings were .15 per share.  I assume both numbers are CD$.  Just divide the sp by that number.  

[nofluff]

Fluff is not smart enough for that figuring. Just know what stockhouse posted. I assume the used apples and apples. The multiples have gone way up 2024.   A bit of consolidation on both equities and commodities.  The next step for tko is to make a deal with Rio or bhp for there new leach techs. With waste rock, probably 15 billion tons at 1 pound per ton at 5.00 cad profit. 50