Taseko Mines Limited NPV (DI) (TKO)

 165.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 170.00
  • 52 Week Low: 85.00
  • Currency: UK Pounds
  • Shares Issued: 278.11m
  • Volume: 8,600
  • Market Cap: £458.88m
  • RiskGrade: 306

Sunday share tips: Taseko, Superdry

By Alexander Bueso

Date: Sunday 23 Aug 2020

LONDON (ShareCast) - (Sharecast News) - The Mail on Sunday's Midas column told readers to 'buy' shares in Canadian copper miner Taseko in anticipation of further top-line growth, not least as its Florence mine in the US comes onstream.
Taseko already operates the Gibraltar mine, the fourth largest open put mine in North America with an annual output of 140m pounds of the industrial metal.

Better still, while production costs at Gibraltar vary between $1.30 and $1.90 a pound, at its Florence mine, in the Arizona desert, they are expected to fall to $1.10.

That's thanks to the production method which will be employed there, with a mix of water and sulphuric acid allowing Taseko to dig for the metal directly, instead of the iron ore containing it, as most companies do.

The 85m pounds of output expected from Florence will therefore also have a 90% smaller carbon footprint.

US regulators have already granted a provisional permit from state regulators and a full license is expected in the coming month, with federal approval set to follow.

The company also has another four asset which might come on stream.

"Taseko has been listed in Toronto for years but only joined the London market in November 2019," Midas said.

"The shares have done well in recent weeks but they should continue to rise, as copper prices increase and Florence comes closer to production. At 65p, the stock is a long-term buy."



The Sunday Times's Sam Chambers thinks that readers should avoid stock in fashion retailer Superdry.

Writing in his 'Inside the City' column, Chambers cited estimates from Peel Hunt analysts for an underlying pre-tax loss of £25.8m in 2020 followed by another £16.4m of red ink in 2021.

A key reason for the expected losses, Peel Hunt said, were the firm's exposure to department stores and city centres.

True, chief executive officer Julian Dunkerton could not be blamed for the Covid-19 pandemic.

Activist funds Oasis and Gatemore Capital, who now held over 8% of the company's shares, remain supportive "but the pressure to deliver the turnaround he has promised is on," Chamber said.

Dunkerton's relationship with his new chairman, Peter Williams, was a fraught one as well, Chambers added.

Covid-19 had also trampled on any green shoots from the company's recently expanded product range.

"This is a stock to keep in the wardrobe. Avoid."





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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

TKO Market Data

Currency UK Pounds
Share Price 165.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 170.00
52 Week Low 85.00
Volume 8,600
Shares Issued 278.11m
Market Cap £458.88m
RiskGrade 306

TKO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend Not Available
Income Not Available
Growth Not Available

What The Brokers Say

Strong Buy 1
Buy 4
Neutral 1
Sell 0
Strong Sell 0
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

TKO Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
14:06 266 @ 163.55p
13:23 1,869 @ 163.55p
12:45 500 @ 169.00p
10:23 4,703 @ 170.00p
10:45 1,262 @ 163.00p

TKO Key Personnel

Chair Ronald W Thiessen

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