Why Analysts Are Turning More Bullish On Taseko Mines (TGB)

With a short percentage of shares outstanding of 1.98%, Taseko Mines Limited (NYSEAMERICAN:TGB) is among the 9 Best Silver and Copper Stocks to Buy for the EV Transition.

On May 7, Cantor Fitzgerald upgraded Taseko Mines Limited (NYSEAMERICAN:TGB) to Buy from Hold and raised its price target to $9 from $7.75 after incorporating first-quarter results into its model and rolling forward the cash flow component of its valuation by one year. The firm also highlighted the company’s outlook for 2026, with Gibraltar copper production of 110 million to 115 million pounds.

On the same day, Taseko Mines Limited (NYSEAMERICAN:TGB) reported first-quarter revenue of $237.1 million, compared to $139.15 million in the prior year period. Chief Executive Officer Stuart McDonald stated that both of Taseko’s producing assets delivered strong operational performance during the quarter, with Gibraltar maintaining stable production levels as mining activity progressed according to plan. Management also emphasized that Florence Copper is expected to contribute additional low-cost production and cash flow growth this year, positioning the company to benefit from strong copper market conditions and support future value creation from its long-term project pipeline.

Taseko Mines Limited (NYSEAMERICAN:TGB) was incorporated in 1966 and is headquartered in Vancouver. Operating within the mining industry, the company is heavily involved in the global electric vehicle transition as a major copper producer supplying a critical raw material used in EV motors, electrical wiring, and charging infrastructure systems.

While we acknowledge the risk and potential of TGB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TGB and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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