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Taseko Mines Ltd (TGB) Fair Value & Analysis

Basic Materials · US · Market cap $2.7B · ISIN CA8765111064

What is Taseko Mines Ltd really worth?

TM Taseko Mines Ltd logo Taseko Mines Ltd TGB · US
Price$8.40
Fair Value$1.96
Upside−76.6%
Quality18/100

Below-average quality, and trading another 328% above our fair value of $1.96.

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Risks

!Mixed Growth (revenue 5y +14.4 %/yr)
!Thin margins · 2.0% net margin
!Moderate debt · negative free cash flow
!Trails peers (3/13)
!Narrow moat 38/100
!Evidence only medium, so the estimate is less certain
!Weak on past: 9 out of 100
Evidence: Medium Range $1.76 – $2.78

Fair value as of: Aug 23, 2026

From 6 valuation models · updated 13 days ago

Share price +7.3% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case ($2.78). The favourable scenario is already priced in.
  • Weak quality (18/100) and above fair value at the same time, the margin of safety is missing on both counts.

Price vs Fair Value (5 years)

$9.68 $0.9100 Fair Value $1.96 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 23, 2026.

How to read this chart

60‑month range $0.9100 – $9.68 · fair‑value band $1.76 – $2.78 · the $8.40 price screens above the $1.96 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 3 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 23, 2026.

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Analysis

Taseko Mines Ltd (TGB) currently trades at $8.40, while our model-based Fair Value estimate is $1.96, implying the stock looks roughly 327.9% overvalued today. The Quality Score stands at 18/100 (below-average quality), in the Basic Materials sector. Bull case: the Multiples group reads highest at a median of $3.88 per share, and 0 of the 6 models we run sit above the $8.40 price. Bear case: the Asset-Based group reads lowest at $1.43, and 6 of the 6 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Taseko Mines Ltd generated revenue of $771M at a net margin of 2.0%. Revenue grew 70.4% year over year. It earns a return on equity of 2.3%. Net debt stands at $559M. Fundamentals as of Aug 23, 2026

Our scenario range runs from $1.76 (bear case) to $2.78 (bull case); at $8.40, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 9% below its 52-week high and 232% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −45% fair-value upside, at −77%, TGB screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $0.0272 per share, which is 1.4 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
EPV best evidence $1.68 $2.17 $2.59 74
ROIC Compounder $1.68 $2.24 $3.38 68
EV/EBITDA $3.54 $5.19 $6.84 66
All 6 models by family
Earnings-Based
EPV best evidence $1.68 $2.17 $2.59 74
Multiples
EV/EBIT $2.56 $3.88 $5.20 65
EV/EBITDA $3.54 $5.19 $6.84 66
EV/Revenue $0.5300 $1.35 $2.18 50
Asset-Based
NCAV (Graham) $1.06 $1.43 $2.13 54
Economic Profit
ROIC Compounder $1.68 $2.24 $3.38 68

Widest divergence: Multiples ($3.88) versus Asset-Based ($1.43). Highest evidence: EPV (74).

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Key figures & financial health

P/E ratio 210.0
P/S ratio 3.53 TTM
EPS (TTM) $0.0400 price ÷ EPS = P/E 210.0
Net margin −4.5% FY2025
Return on equity 2.3% TTM
Return on assets (EBIT) 7.2% avg 5y
More key figures
Profitability
Operating margin 23.4% TTM
Growth
Revenue (TTM) $771M TTM
Revenue growth (YoY) +70.4% 3y avg +19.8%
EPS growth (YoY) −45.5%
Balance sheet & cash flow
Free cash flow −$209M FY2025
Net debt $559M FY2025

Figures from reported company fundamentals · as of Aug 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 18/100

Of which business quality 22 · Market factors (momentum, volatility) 56

Profitability 9
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 29
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 72
Price trend over the last 3–12 months (market factor)
52W Momentum 93
Distance to the 52-week high (market factor)
Net Issuance 4
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Taseko Mines Limited, a mining company, acquires and develops mineral properties. It explores for copper, molybdenum, gold, niobium, and silver deposits. The company's principal assets consist of 100% owned the Gibraltar mine located in south-central British Columbia; and the Florence Copper project in Arizona.

Full company description

Taseko Mines Limited, a mining company, acquires and develops mineral properties. It explores for copper, molybdenum, gold, niobium, and silver deposits. The company's principal assets consist of 100% owned the Gibraltar mine located in south-central British Columbia; and the Florence Copper project in Arizona. It also owns interests in the Yellowhead copper, the New Prosperity gold-copper, and the Aley niobium projects located in British Columbia. Taseko Mines Limited was incorporated in 1966 and is headquartered in Vancouver, Canada.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Taseko Mines Ltd reported revenue of C$673M in FY2025 versus C$433M in FY2021, a compound +11.6%/yr. Reported net income was −C$30.1M in FY2025.

Growth Quality 43/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$673M
Latest YoY
+10.7%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+19.8%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+14.4%
Avg. revenue growth/yr (35Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+28.1%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue +11.6%/yr
FY21 C$433M
FY22 C$392M
FY23 C$525M
FY24 C$608M
FY25 C$673M
Net income
FY21 C$36.5M
FY22 −C$26.0M
FY23 C$82.7M
FY24 −C$13.4M
FY25 −C$30.1M

TGB screens 328% overvalued. Compare with Southern Copper Corporation →

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Cite: Fair Value Calculator (2026). "Taseko Mines Ltd Fair Value". https://www.fairvalue-calculator.com/stock/TGB

Peer Group

Copper · 59 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 18 · Bottom 25%
Fair Value upside −77% · Bottom 25%
Return on equity (TTM) 2% · Below median
Return on assets 2% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 23% · Above median
Revenue growth 70% · Top 25%
Debt / equity 0.90× · Higher than 75% of peers

Valuation Multiples vs Copper median · lower = cheaper

P/E (TTM) 210.0× · Pricier than 75% of peers
P/B 3.49× · Pricier than median
P/S (TTM) 3.53× · Pricier than median
EV/EBITDA 20.2× · Pricier than 75% of peers
PEG 0.33× · Cheaper than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 100
PAST9 · sector 34
HEALTH55 · sector 92
DIVIDEND0 · sector 21

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Copper stocks, each showing price versus our Fair Value estimate (as of Aug 23, 2026).

Stock Price Fair Value vs Fair Value
Southern Copper Corporation SCCO $216.28 $85.17 −61%
Freeport-McMoRan Inc FCX $75.74 $22.81 −70%
First Quantum Minerals Ltd FM C$43.46 C$16.35 −62%
Lundin Mining Corporation LUN C$35.76 C$22.65 −37%
Jiangxi Copper Company 600362 ¥45.86 ¥35.19 −23%
Tongling Nonferrous Metals Group 000630 ¥6.37 ¥3.06 −52%
MMG Limited 1208 HK$9.08 HK$5.29 −42%
Hudbay Minerals Inc HBM C$38.79 C$21.25 −45%
Zhejiang Hailiang Co 002203 ¥19.78 ¥6.39 −68%
Capstone Copper Corp CS C$14.82 C$9.91 −33%

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Frequently asked questions

Is Taseko Mines Ltd (TGB) overvalued or undervalued?
As of Aug 23, 2026, our model estimates a fair value of $1.96 versus a price of $8.40, about −77% upside (overvalued).
What is the fair value of TGB?
Our model-based fair value for Taseko Mines Ltd is $1.96 (as of Aug 23, 2026), built from audited fundamentals. The current price: $8.40.
What is the quality score of TGB?
Taseko Mines Ltd has a Quality Score of 18/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Taseko Mines Ltd (TGB)?
Taseko Mines Ltd reported trailing-twelve-month revenue of about $771M (latest available figure, as of Aug 23, 2026).
What is the net profit margin of TGB?
The net profit margin of Taseko Mines Ltd is about 2.0%, meaning it keeps roughly 2.0% of revenue as net income. Based on the latest reported figures.
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