加拿大 Taseko 矿业第二季度的收入未达到预期
Taseko Mines reported Q2 revenue of CAD 116 million, falling short of analyst expectations of CAD 140.2 million. The adjusted EPS met expectations at a loss of CAD 0.04 per share. The Gibraltar SX/EW plant has restarted, and the Florence Copper project is over 90% complete, with first production expected before the end of 2025. Analysts maintain a "buy" rating on the stock, with a median 12-month price target of CAD 5.30, reflecting a potential upside from its recent trading price of CAD 4.23.
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Overview
- Taseko Mines Q2 revenue of CAD 116 mln missed analyst expectations
- Adjusted EPS for Q2 met expectations at CAD 0.04 loss per share
- Co’s Gibraltar SX/EW plant restarted, Florence Copper project over 90% complete
Outlook
- Taseko expects copper production of 110-120 mln pounds in 2025
- Florence Copper on track for first production before end of 2025
- Company forecasts higher molybdenum grades in Connector pit ore
- Taseko has copper collar contracts securing US$4.00 per pound for 54 million pounds of copper for the remainder of 2025
Result Drivers
- GIBRALTAR PRODUCTION - Copper production at Gibraltar was in line with plan, despite low-grade stockpiled material impacting recoveries
- SX/EW PLANT - Restart of Gibraltar’s SX/EW plant contributed to copper cathode production
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q2 Miss C$116.08 C$140.20
Revenue mln mln (3
Analysts
)
Q2 Meet -C$0.04 -C$0.04
Adjusted (5
EPS Analysts
)
Q2 -C$13.02
Adjusted mln
Net
Income
Q2 Net C$21.87
Income mln
Q2 C$17.43
Adjusted mln
EBITDA
Analyst Coverage
- The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 7 “strong buy” or “buy”, no “hold” and no “sell” or “strong sell”
- The average consensus recommendation for the specialty mining & metals peer group is “buy”
- Wall Street’s median 12-month price target for Taseko Mines Ltd is C$5.30, about 20.2% above its August 5 closing price of C$4.23
- The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 9 three months ago
Press Release: (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
