Dahlman Rose Sees More Than 100% Upside In Taseko Mines Limited (TGB)

Dahlman Rose & Co. has a Buy rating and a $16.42 price target on shares of Taseko Mines Limited TGB, over a 100% upside in shares. In a note sent to clients, Dahlman Rose writes, "We have updated our model and NAV calculation to factor in 1) new expectations for Prosperity, 2) early conceptual plans for both Aley and Harmony, and 3) an expansion at Gibraltar. New drill results at the Aley Niobium project indicate a potentially economic asset for development." Shares of TGB gained 5 cents today to close at $5.92.