May. 11 at 2:33 PM
$TGB "Taseko Mines (TGB) is up roughly 33% year-to-date as of May 11, 2026, driven by a "double-beat" on Q1 earnings and significant production milestones at its flagship copper projects.
Taseko reported a 172% year-over-year surge in Adjusted EBITDA to
$93 million, beating analyst EPS estimates by 50% (
$0.06 actual vs.
$0.04 expected).
Copper output at its Gibraltar mine in British Columbia jumped 50% year-over-year to 30 million pounds due to higher-grade ore.
Cantor Fitzgerald upgraded the stock to Buy with a
$9.00 price target, while Canaccord lifted its target to C
$14.00.
Rising global copper prices, fueled by AI-driven infrastructure demand, have provided a supportive backdrop for the entire sector.
Management expects total 2026 copper production to reach 110–115 million pounds.
Copper price collars that limited upside will roll off in June 2026, allowing Taseko to capture full market prices—up to
$8.50/lb—in the second half of the year."
