Offering Details: Taseko Mines Limited has successfully closed a bought deal offering, selling 42 million common shares at $4.05 each, raising gross proceeds of $170.1 million, with the funds intended for debt repayment and general corporate purposes.
Underwriters Involved: The offering was managed by BMO Capital Markets and Canaccord Genuity Corp. as co-lead managers, along with National Bank Financial Inc. and TD Securities Inc. as joint bookrunners.
Regulatory Compliance: The offering was completed under a prospectus supplement and related U.S. registration statement, with filings made with Canadian securities commissions and the SEC.
Forward-Looking Statements: The release includes caution regarding forward-looking statements, highlighting various risks and uncertainties that could affect Taseko's future performance and operations.
TGB
$5.28+Infinity%1D
Analyst Views on TGB
Wall Street analysts forecast TGB stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TGB is 4.99 USD with a low forecast of 4.63 USD and a high forecast of 5.34 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
Wall Street analysts forecast TGB stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TGB is 4.99 USD with a low forecast of 4.63 USD and a high forecast of 5.34 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 5.410
Low
4.63
Averages
4.99
High
5.34
Current: 5.410
Low
4.63
Averages
4.99
High
5.34
Cantor Fitzgerald
Mike Kozak
Buy -> Hold
downgrade
2025-11-13
Reason
Cantor Fitzgerald
Mike Kozak
Price Target
2025-11-13
downgrade
Buy -> Hold
Reason
Cantor Fitzgerald analyst Mike Kozak downgraded Taseko Mines to Hold from Buy with a price target of C$6.50, up from C$4.75. Taseko reported overall in-line Q3 results, with Gibraltar production tracking behind on guidance but Florence remaining on schedule for first copper cathode, the analyst tells investors in a research note. Shares are up 147% year-to-date, and Cantor now views them as fully and fairly valued.
TD Securities
Craig Hutchison
Hold
to
Buy
upgrade
$5
2025-10-23
Reason
TD Securities
Craig Hutchison
Price Target
$5
2025-10-23
upgrade
Hold
to
Buy
Reason
TD Securities analyst Craig Hutchison upgraded Taseko Mines to Buy from Hold with a price target of C$6.50, up from C$5, after resuming coverage of the name. The firm cites the company's increased liquidity following the $170M financing and expected improvement in grades at Gibraltar from Q4 onwards for the upgrade. Taseko will also benefit from the conclusion of construction spending at Florence and the favorable outlook for copper, the analyst tells investors in a research note.
TD Securities
Hold
to
Buy
upgrade
$5
2025-10-23
Reason
TD Securities
Price Target
$5
2025-10-23
upgrade
Hold
to
Buy
Reason
TD Securities upgraded Taseko Mines to Buy from Hold with a price target of C$6.50, up from C$5.
Stifel
Cole McGill
Buy
maintain
2025-10-21
Reason
Stifel
Cole McGill
Price Target
2025-10-21
maintain
Buy
Reason
Stifel analyst Cole McGill raised the firm's price target on Taseko Mines to C$7.25 from C$5.50 and keeps a Buy rating on the shares.
About TGB
Taseko Mines Limited is a copper-focused mining company. The Company’s principal assets are the wholly owned Gibraltar mine (Gibraltar), located in central British Columbia (BC) and is one of the copper mines in North America, and the Florence Copper project (Florence Copper), which is located in Arizona and is currently under construction. The Company also owns the Yellowhead copper, New Prosperity copper-gold, and Aley niobium projects in British Columbia. The Yellowhead Project is located in the Thompson-Nicola region of British Columbia, approximately 150 kilometers (km) northeast of Kamloops near the town of Vavenby. The Aley Niobium project is located in northeast British Columbia. The New Prosperity property is located in south-central British Columbia and hosts one of the most significant copper and gold deposits in Canada. It is also located in an area of cultural significance to the Tsilhqot'in Nation, known as Teztan Biny and Nabas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
