NEW YORK, Dec. 27, 2025, 6:03 a.m. ET — Market Closed
Taseko Mines Limited stock is heading into the final trading days of 2025 with momentum still on its side after a strong Friday session that pushed the shares to the top end of their 52-week range. In the U.S., Taseko’s NYSE American-listed shares (NYSE American: TGB) last traded around $5.81, up 3.01%, with an intraday range of roughly $5.68 to $5.92. [1] After the closing bell, delayed quotes showed after-hours trading around $5.85. [2]
With U.S. markets closed for the weekend, the next major question for investors is whether the stock can extend its rally when regular trading resumes on Monday, Dec. 29—or whether a near-year-end run-up in copper-linked equities is due for a breather.
Why Taseko stock moved: copper’s record run is doing the heavy lifting
Taseko is, at its core, a copper story—part operating miner, part “next leg of growth” developer. That makes the stock highly sensitive to the underlying metal, and copper has been putting on a late-2025 fireworks show.
On Friday, copper prices surged again, with the most-active Comex copper contract in New York climbing more than 5% at one point and printing an intraday high around $5.90 per pound (roughly $13,000+ per tonne), according to Mining.com. [3] Market commentary this week has increasingly pointed to a cocktail of trade-policy anxiety and tight supply as fuel for the rally—exactly the kind of macro narrative that can lift higher-beta copper miners quickly. [4]
That macro bid matters for Taseko because investors are trying to price the company not only on its current copper production at Gibraltar in British Columbia, but also on the potential earnings power of its U.S. growth project, Florence Copper in Arizona—an asset that has been a recurring focus in recent buy-side and sell-side commentary. [5]
The last 24–48 hours: what’s actually new?
In the past day, one of the clearest company-specific “fresh” reads came from MarketBeat, which highlighted Friday’s move and framed it as part of a broader positioning story: elevated interest in Taseko alongside increased institutional activity and the copper-driven tape. [6]
At the same time, the bigger headlines shaping sentiment for copper-exposed stocks (including Taseko) have been macro-driven rather than company-press-release-driven—namely, ongoing coverage of copper’s record levels and what they imply for miners and metal markets into 2026. [7]
Importantly for investors scanning for weekend surprises: Taseko’s own investor news release page shows the most recent company-issued news release dated Nov. 12, 2025 (third-quarter financial and operational results). [8] That doesn’t mean “nothing is happening,” but it does suggest the stock’s latest week-end surge is being driven more by market factors (copper pricing, risk appetite, year-end positioning) than by a brand-new corporate announcement.
What investors are watching inside the business: Gibraltar today, Florence tomorrow
Taseko is widely followed as a North American copper operator with a key near-term development lever.
- Gibraltar Mine (British Columbia): MarketBeat describes Gibraltar as an open-pit copper mine that also produces byproducts like molybdenum and silver. [9]
- Florence Copper (Arizona): Often framed as the company’s major U.S. growth engine, Florence is repeatedly highlighted in company materials and market coverage as a key catalyst for the next phase of the story. [10]
- Yellowhead (British Columbia, longer-dated growth): In its Q3 materials, Taseko has pointed to large-scale, long-life potential at Yellowhead, including multi-billion-pound copper production assumptions and cost estimates based on its technical work. [11]
For readers trying to pin down the timeline question—always the make-or-break detail for development-driven miners—Taseko’s own site recently highlighted third-party coverage indicating first copper at Florence in early 2026, via a Dec. 18 “Taseko Talks” link to PinalCentral. [12] The company has also featured a Q3 highlight video update from President and CEO Stuart McDonald discussing operational results and “upcoming catalysts.” [13]
Analyst forecasts: price targets are getting tighter as the stock climbs
Here’s the part investors often gloss over when a chart looks great: as price rises quickly, consensus targets can start to imply less upside—or even downside—because analysts don’t always chase momentum one-for-one.
On the Canadian listing (TSX: TKO), multiple forecast aggregators currently show price targets clustering below (or near) the latest quoted price:
- TipRanks shows an average price target of C$6.99 (high C$7.50, low C$6.50), which it calculates as a -9.59% downside from a last price of C$7.73. [14]
- MarketBeat’s TSX forecast page shows a consensus price target of C$6.75 (high C$8.50, low C$5.25). [15]
- TradingView lists an analyst target around C$7.25 with a wider range (max C$9.00, min C$5.80), illustrating that expectations vary materially by model and coverage universe. [16]
The key takeaway: Taseko’s rally has been powerful enough that “Strong Buy” language can coexist with targets that imply muted upside—a classic late-cycle setup where the next leg depends less on multiple expansion and more on execution (Florence milestones, grades/costs at Gibraltar) and the copper price staying supportive.
Recent analyst actions: upgrades, downgrades, and “fairly valued” language
Beyond consensus targets, investors are also weighing notable rating moves from late 2025:
- Cantor Fitzgerald: In a research-note summary published by TheFly via TipRanks, Cantor analyst Mike Kozak downgraded Taseko to Hold from Buy and raised the price target to C$6.50 from C$4.75, citing in-line Q3 results while characterizing the shares as “fully and fairly valued” after a big run. [17]
- National Bank Financial: Fintel reported that National Bank Financial maintained an Outperform recommendation (as of a Dec. 11 note, per the report), while also showing an average one-year price target estimate of $4.86 (with a range up to $5.64) based on its dataset at that time—an example of how targets can lag rapid price action. [18]
Meanwhile, other coverage tied to the London listing has pointed to bullish stance shifts from Canaccord Genuity (including a higher target in GBX terms) in mid-November. [19]
The broader market backdrop: rate-cut expectations, risk appetite, and commodity beta
Copper stocks rarely trade in a vacuum—especially into year-end. A Reuters market wrap on Friday noted investors are looking into 2026 through the lens of when (and how much) the Federal Reserve might cut rates, with traders pricing multiple cuts while expecting the Fed to hold for several months. [20]
That matters for miners because lower-rate expectations can weaken the dollar and lift commodity pricing power at the margin—while also increasing risk appetite for cyclical, higher-volatility names.
What investors should know before the next session
With markets closed today, the real action for Taseko shareholders is the “setup” into Monday. Here are the practical pressure points investors typically track over a weekend like this:
1) Watch copper first, TGB second.
If copper gives back part of its record jump, high-beta miners can retrace quickly. If copper holds near the highs, momentum strategies often keep rotating into the names that have been working. The latest copper spike has been sharp enough to become the dominant short-term variable. [21]
2) Know the levels the market is staring at.
TGB’s 52-week range has been roughly $1.67 to $5.92, and Friday’s intraday highs flirted with the upper boundary. [22] When a stock presses against a 52-week high into a weekend, Monday often turns into a tug-of-war between breakout buyers and profit-takers.
3) Don’t expect a fresh press release to “explain” the move.
The company’s most recent official investor news release on its site is still dated Nov. 12, 2025. [23] That increases the odds that Monday trading is driven by macro/sector flows unless a new update appears.
4) Focus on Florence timeline headlines and milestone risk.
Taseko’s own site has recently highlighted external coverage pointing to first copper at Florence in early 2026—the kind of timeline detail that can swing valuation narratives. [24]
5) Keep an eye on the next scheduled catalyst date.
Nasdaq’s earnings calendar lists an estimated earnings date of Feb. 18, 2026 for Taseko (estimate subject to change). [25] As the calendar flips, investors tend to pull forward positioning ahead of key reporting dates—especially after big runs.
Bottom line
Taseko Mines Limited enters the weekend with its stock near the high end of the year’s range after a Friday push that coincided with a fresh surge in copper prices. [26] With no new company press release in the last couple of days, the near-term direction into Monday is likely to hinge on whether copper’s record rally cools—or continues to drag copper miners higher by sheer narrative gravity.
For investors, the cleanest checklist before the next open is simple: copper price behavior, Florence timeline headlines, and whether the stock holds near its highs when liquidity returns on Monday morning.
References
1. jp.reuters.com, 2. www.marketwatch.com, 3. www.mining.com, 4. www.barrons.com, 5. www.marketbeat.com, 6. www.marketbeat.com, 7. www.mining.com, 8. www.tasekomines.com, 9. www.marketbeat.com, 10. www.tasekomines.com, 11. tasekomines.com, 12. www.tasekomines.com, 13. tasekomines.com, 14. www.tipranks.com, 15. www.marketbeat.com, 16. www.tradingview.com, 17. www.tipranks.com, 18. fintel.io, 19. www.marketbeat.com, 20. www.reuters.com, 21. www.mining.com, 22. jp.reuters.com, 23. www.tasekomines.com, 24. www.tasekomines.com, 25. www.nasdaq.com, 26. jp.reuters.com
