Dahlman Rose Reiterats Buy Rating on Taseko Mines

Dahlman Rose has reiterated its Buy rating on Taseko Mines TGB following 3Q10 results. Taseko's EPS of $0.01 were well below the consensus estimate of roughly $0.10. A shipment of 16MM pounds of copper being pushed back due to congestion at the port is attributed as the reason for the variance. Dahlman Rose writes, "Our Buy rating reflects our positive view that TKO offers investors exposure to both operating and development assets in BC, Canada. The company benefits from having an existing copper-moly asset, strong cash flows in the current metal price environment, and a gold-copper project in construction." TGB is currently trading at $4.57.