Taseko Mines Ltd (NYSE:TGB) is one of the best copper stocks to buy right now. Taseko Mines Ltd (NYSE:TGB) received a Buy rating by Canaccord Genuity on November 14, with a price target of p390. However, Cantor Fitzgerald analyst Mike Kozak downgraded the stock to Hold from Buy on November 13, while raising the price target to C$6.50 from C$4.75.
The rating updates came after Taseko Mines Ltd reported its fiscal Q3 2025 results, with Kozak stating that the company reported an overall in-line Q3. He added that while Gibraltar production tracked behind on guidance, Florence remains on schedule for the first copper cathode. In addition, Cantor stated that shares rose 147% year-to-date, and it now sees the stock as fully and fairly valued.
Taseko Mines Ltd released its fiscal Q3 2025 results on November 12, reporting that revenues for fiscal Q3 were $174 million from the sale of 26 million pounds of copper and 421 thousand pounds of molybdenum. Management also reported a significant improvement in copper production at Gibraltar over the previous two quarters, primarily due to mining advancing deeper into higher-grade ore in the Connector pit.
Taseko Mines is a copper-focused mining company located in Canada. Its principal assets are the 100% owned Gibraltar mine in central British Columbia. It is one of the largest copper mines in North America.
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This article is originally published at Insider Monkey.
