Dahlman Rose is out with a research report this afternoon, where it reiterates its Buy rating on Taseko Mines TGB; it has a $9.94 price target on the stock.
The DR analysts cited Taseko Mines's quarterly earnings results, which came in short of consensus, primarily due to lower production and higher-than-expected operating costs.
A harsh winter, coupled with variable head grades, significantly decreased Cu production and resulted in lower full-year guidance.
As for valuation, the analysts remarked, “We look forward to seeing how production ramp-up continues to develop at Gibraltar. We have revised our model to better reflect the full-year guidance; the negative impact on NAV is minimal.”
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in