Taseko Mines Limited (TGB, Financial) is making significant strides in its 100%-owned Florence Copper project located in Florence, Arizona. The company is on track to meet its timeline, with the first copper output anticipated by the end of 2025. As of March 31, 2025, the project has reached 78% completion.
The first quarter of 2025 saw a workforce of approximately 440 contractors actively engaged on the site, contributing around 230,000 project hours. To date, the cumulative project hours stand at about 670,000. Impressively, the development has progressed without any reported injuries or environmental issues.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Taseko Mines Ltd (TGB, Financial) is $3.36 with a high estimate of $3.82 and a low estimate of $2.71. The average target implies an upside of 58.32% from the current price of $2.12. More detailed estimate data can be found on the Taseko Mines Ltd (TGB) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, Taseko Mines Ltd's (TGB, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Taseko Mines Ltd (TGB, Financial) in one year is $2.66, suggesting a upside of 25.47% from the current price of $2.12. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Taseko Mines Ltd (TGB) Summary page.
