Taseko Mines Limited

TSX:TKO Stock Report

Market Cap: CA$863.4m

Taseko Mines Valuation

Is TKO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TKO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TKO (CA$2.92) is trading below our estimate of fair value (CA$20.68)

Significantly Below Fair Value: TKO is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TKO?

Key metric: As TKO is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TKO. This is calculated by dividing TKO's market cap by their current earnings.
What is TKO's PE Ratio?
PE Ratio18.9x
EarningsCA$45.84m
Market CapCA$863.36m

Price to Earnings Ratio vs Peers

How does TKO's PE Ratio compare to its peers?

The above table shows the PE ratio for TKO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average37.6x
ERO Ero Copper
96.7x34.3%CA$2.3b
III Imperial Metals
10.1xn/aCA$331.8m
LUN Lundin Mining
28.6x25.5%CA$11.1b
MDI Major Drilling Group International
15.1x31.4%CA$698.1m
TKO Taseko Mines
18.9x46.1%CA$863.4m

Price-To-Earnings vs Peers: TKO is good value based on its Price-To-Earnings Ratio (18.9x) compared to the peer average (37.6x).

Price to Earnings Ratio vs Industry

How does TKO's PE Ratio compare vs other companies in the CA Metals and Mining Industry?

34 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SLI Standard Lithium
2.7xn/aUS$324.28m
APM Andean Precious Metals
2.3x-42.9%US$134.61m
STGO Steppe Gold
2.1xn/aUS$117.54m
DC.A Dundee
2.4xn/aUS$113.81m
TKO 18.9xIndustry Avg. 13.5xNo. of Companies34PE01632486480+
34 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TKO is expensive based on its Price-To-Earnings Ratio (18.9x) compared to the Canadian Metals and Mining industry average (13.5x).

Price to Earnings Ratio vs Fair Ratio

What is TKO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TKO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio18.9x
Fair PE Ratio31x

Price-To-Earnings vs Fair Ratio: TKO is good value based on its Price-To-Earnings Ratio (18.9x) compared to the estimated Fair Price-To-Earnings Ratio (31x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TKO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$2.92
CA$4.44
+52.2%
8.1%CA$5.00CA$4.00n/a7
Nov ’25CA$3.17
CA$4.45
+40.4%
8.3%CA$5.00CA$4.00n/a7
Oct ’25CA$3.50
CA$4.44
+26.9%
9.4%CA$5.10CA$4.00n/a7
Sep ’25CA$3.07
CA$4.44
+44.7%
9.4%CA$5.10CA$4.00n/a7
Aug ’25CA$2.91
CA$4.44
+52.7%
9.4%CA$5.10CA$4.00n/a7
Jul ’25CA$3.37
CA$4.38
+29.9%
7.7%CA$5.00CA$4.00n/a7
Jun ’25CA$3.73
CA$4.16
+11.6%
7.1%CA$4.65CA$3.75n/a7
May ’25CA$3.32
CA$3.86
+16.4%
10.0%CA$4.65CA$3.25n/a7
Apr ’25CA$2.95
CA$3.40
+15.3%
13.2%CA$4.05CA$2.50n/a7
Mar ’25CA$2.10
CA$2.88
+36.9%
18.6%CA$3.75CA$2.25n/a6
Feb ’25CA$1.97
CA$2.83
+43.8%
18.1%CA$3.75CA$2.25n/a6
Jan ’25CA$1.86
CA$2.77
+48.7%
17.6%CA$3.65CA$2.20n/a6
Dec ’24CA$1.70
CA$2.89
+69.7%
18.6%CA$3.65CA$2.20n/a7
Nov ’24CA$1.52
CA$2.78
+82.6%
21.0%CA$3.65CA$2.00CA$3.178
Oct ’24CA$1.70
CA$2.83
+66.5%
21.6%CA$3.90CA$2.00CA$3.508
Sep ’24CA$1.96
CA$2.83
+44.5%
21.6%CA$3.90CA$2.00CA$3.078
Aug ’24CA$1.90
CA$2.89
+52.3%
18.8%CA$3.90CA$2.25CA$2.918
Jul ’24CA$1.90
CA$2.98
+56.9%
18.3%CA$3.90CA$2.40CA$3.378
Jun ’24CA$1.75
CA$2.99
+71.1%
17.8%CA$3.90CA$2.50CA$3.738
May ’24CA$2.28
CA$2.98
+30.8%
12.4%CA$3.70CA$2.50CA$3.328
Apr ’24CA$2.24
CA$2.94
+31.1%
12.3%CA$3.70CA$2.50CA$2.958
Mar ’24CA$2.48
CA$2.94
+18.4%
12.3%CA$3.70CA$2.50CA$2.108
Feb ’24CA$2.45
CA$2.73
+11.5%
10.8%CA$3.30CA$2.40CA$1.978
Jan ’24CA$1.98
CA$2.44
+23.4%
16.5%CA$3.30CA$1.90CA$1.868
Dec ’23CA$1.93
CA$2.29
+18.8%
18.0%CA$3.30CA$1.90CA$1.708
Nov ’23CA$1.62
CA$2.21
+36.7%
9.4%CA$2.50CA$2.00CA$1.527

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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