Is Taseko Mines (TSX:TKO) Overvalued After Its Strong Share Price Momentum?
Taseko Mines (TSX:TKO) has seen significant share price momentum, climbing to $7.32 with strong returns over 30 days and one year, driven by its copper portfolio and nearing completion of the Florence Copper project. Despite this, a narrative fair value suggests Taseko Mines is 3.4% overvalued at CA$7.32 compared to CA$7.08, making its valuation contingent on ambitious growth assumptions. While its price-to-sales ratio is cheaper than the industry average, it is higher than peers and its fair ratio, indicating limited room for error if growth falters.
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