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Share Name | Share Symbol | Market | Stock Type |
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Taseko Mines Limited | TKO | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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170.00 | 170.00 | 170.00 | 170.00 | 170.00 |
Industry Sector |
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MINING |
Top Posts |
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Posted at 01/8/2024 08:26 by someuwin Canaccord GenuityOutlook: The company expects an operationally stronger second half now that interruptions are out of the way and we believe this should result in higher production and lower unit costs. Construction of Florence is on schedule with first cathodes in 4Q25 (in line with CGe). Our take: Once we account for the insurance claim, the result was largely in line. Getting a difficult first half (between the strike and planned maintenance) out of the way means investors can focus on a relatively open runway for the second half, where we expect solid progress at Florence and cash generation at Gibraltar. Maintain BUY rating and 285p/C$4.65 target price. |
Posted at 05/6/2024 13:31 by someuwin Taseko Mines maintains stock target, Outperform rating amid Gibraltar haltOn Tuesday, BMO Capital Markets maintained its Outperform rating and Cdn$4.00 stock price target for Taseko Mines (NYSE:TGB) Ltd. (TKO:CN) (NYSE: TGB), despite the recent suspension of operations at the Gibraltar mine. The temporary shutdown occurred after the company received a 72-hour strike notice from the union. The operational halt at Gibraltar mine, announced over the weekend, is expected to impact production levels, which had already been projected to be lower in the second quarter of 2024 due to an in-pit crusher move. BMO Capital has factored in a two-week shutdown into its forecast for the company's production. Despite the current halt in operations, Taseko Mines is considered to be in a strong financial position following a recent offering of notes. The company is believed to have sufficient capital to continue its planned advancements, especially with the development of the Florence project, assuming the suspension does not extend for an extended period. The analyst from BMO Capital Markets highlighted that while the exact timing of operations resuming is uncertain, the financial standing of Taseko Mines allows for continued progress on its key projects. This outlook is based on the assumption that the halt at the Gibraltar mine will not be prolonged. The company's stock performance and future operations are closely monitored by investors, with the advancement of the Florence project being of particular interest, as it is expected to proceed as planned despite the temporary operational disruption at the Gibraltar mine. |
Posted at 27/3/2024 19:14 by gilotron Thanks guys I think I'll become an investor. Has anyone done a slide rule with some different copper prices? I saw something on the site, mebe i'll use that. Need to pick things over a bit. Weird that it hit a stockopedia short selling rule:-Rule: Altman Z-Score TTM < 1.8 Altman Z-Score TTM: 1.10 Illustration of a book What is the definition of Altman Z-Score? The Altman Z-Score is a shorthand to describe the financial health of a company, and its likelihood of financial distress. If the Z Score is falling towards 1.8 then it may be a sell signal. Z1 is the Z-Score for manufacturing companies and this version is calculated using the latest available interim financials. |
Posted at 11/3/2024 07:51 by tightfist A free Mello ticket offer for this evening's investor session, Code SHR100. I have already paid for mine......? Hopefully this event marks a reawaking of London promotion |
Posted at 24/2/2023 09:44 by mwj1959 Canaccord comment...Taseko has released its 4Q22 financial results. Revenue was in line with our estimate at ~C$101m, and C1 cash costs were also in line with our expectations at US$2.75/lb (CGe: US$2.73/lb). Adjusted EBITDA beat our expectations at ~C$35m (CGe: ~C$25m, primarily as a result of a positive inventory movement change of ~C$17m (CGe:~C$5m). As the inventory movement corresponded to an increase in working capital,the company finished the year with net debt in line with our numbers at C$466m (CGe:C$464m); however, we note that the cash balance was higher than our numbers due to a refinancing completed during the quarter. Net debt now stands at ~4.3x adj. EBITDA,which may be of concern to some investors; however, with copper prices at healthy levels (spot ~US$4/lb), we expect leverage to fall on growing EBITDA throughout the year. Looking out into 2023, the company has guided for production (100% basis) of 115 Mlbs (+/- 5%), which is in line with our estimates (CGe: ~116 Mlbs). The company also expects variability from quarter to quarter to fall as dilution continues to improve at the operation. Finally, the company has agreed to increase its stake in Gibraltar, and will be reporting on an 87.5% basis going forward. In our view, investors will be looking for 2 key outcomes in 2023: 1) Continuing improvement in grades at Gibraltar, and falling unit costs as a result; and 2) The issue of the final UIC permit for the Florence project, which we consider fully financed. The issue of the permit would trigger construction of the project, and is the strongest share price catalyst, in our view. Maintain BUY rating and 225p/C$3.70 target price. |
Posted at 21/12/2022 08:07 by someuwin New Canaccord Genuity note ends with..."...In our view, securing this financing is a positive move for the company. The stream component is equivalent (in terms of effective cost) to our assumption of a 2% royalty on gross value, for a consideration US$50m, while the effective option price of US$100m for 10% interest in the project implies a US$1bn valuation (100% basis), which is higher than our US$642m asset valuation (though we note that we have made conservative assumptions on costs). Additionally, given that this transaction may be viewed as a phased farm-in, the third party validation of the project from an existing copper market participant should provide investors with higher confidence in the in-situ recovery technology that has been tested and (in our view) significantly de-risked by the company. We view TKO as a quality operator, with ongoing cash flow to support the development of a high quality project in Florence. The company remains undervalued (in our view), trading at a P/NAV of just ~0.45x. Maintain BUY rating and 215p/C$3.30 target price." |
Posted at 05/11/2022 11:53 by tightfist Maybe the moves in Copper will bring the more inquisitive copper investors sniffing at our door. IMHO looks as though that may have started developing on Friday afternoon. .O/T: Maybe Rambler RMM is worth something after all...... |
Posted at 19/9/2022 15:14 by jimmladd1 TASEKO MINES PROVIDES UPDATE ON PUBLIC COMMENT PERIOD FOR FLORENCE COPPER UIC PERMITSource: PR Newswire (Canada)VANCOUVER, BC , Sept. 19, 2022 /CNW/ - Taseko Mines Limited (TSX: TKO) (NYSEAMERICAN: TGB) (LSE: TKO) ("Taseko" or the "Company") is pleased to provide an update on the federal permitting process for its Florence Copper Project.On September 15, the U.S. Environmental Protection Agency ("EPA") held a virtual public hearing for the draft Underground Injection Control ("UIC") permit issued for Florence Copper on August 15, 2022. Twenty-seven participants provided comment at the hearing, each supporting the project and calling for a final UIC permit to be issued. The UIC permit is the last authorization required to advance the Florence Copper Project to commercial production.The EPA public comment period is scheduled to conclude on September 29, 2022.Stuart McDonaldPresident and CEONo regulatory authority has approved or disapproved of the information contained in this news release.CAUTION REGARDING FORWARD-LOOKING INFORMATIONThis document contains "forward-looking statements" that were based on Taseko's expectations, estimates and projections as of the dates as of which those statements were made. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "outlook", "anticipate", "project", "target", "believe", "estimate", "expect", "intend", "should" and similar expressions.Forward- |
Posted at 24/1/2022 14:32 by paulo435 Hi Santar, always one i like to try and keep an eye on too for indications, but key to it is how relative it is. example being Hallbauer who is on $2.5M a year as a base salary and back in 2016 he had acquired some 3.7 million shares. Like any good investor - you don’t put all your eggs in one basket. I’ve not checked how many he has left at his disposal |
Posted at 28/11/2021 09:35 by jimmladd1 See the co website... Lists the mcap on the 3 exchanges... And the financials.hTTps://w |
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