Taseko Mines Ltd. (TKO.TO) was upgraded to Buy from Hold at TD Securities on Thursday.

Analyst Craig Hutchison raised his price target on shares of the Canadian copper producer to $6.50 from $5.

"2025 has been a challenging year for supply, driven by several notable mines experiencing major supply disruptions, including mud flow at Grasberg, the seismic event at Kamoa-Kakula, ramp-up difficulties at QB, and El Teniente's mine collapse, which collectively represent ~5% of global supply," Hutchison said in a note to clients.

"Consequently, we expect copper prices to remain elevated in Q4/25 and 2026," the analyst said.

"In terms of copper price exposure, Taseko is among the most levered in our coverage universe; therefore, we expect the company to be well-positioned to benefit from a higher LT copper price."

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)