Taseko Mines (LON:TKO) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Taseko Mines (LON:TKO) had its price target boosted by Canaccord Genuity Group from GBX 270 ($3.33) to GBX 300 ($3.71) in a research report sent to investors on Thursday, Marketbeat.com reports. They currently have a buy rating on the stock.

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 275 ($3.40) price target on shares of Taseko Mines in a research report on Thursday, November 7th.

Taseko Mines Price Performance

LON:TKO opened at GBX 170 ($2.10) on Thursday. The company has a market cap of £498.70 million, a price-to-earnings ratio of 1,700.00 and a beta of 1.92. Taseko Mines has a 1 year low of GBX 101 ($1.25) and a 1 year high of GBX 238 ($2.94). The stock’s 50 day simple moving average is GBX 165 and its two-hundred day simple moving average is GBX 171.16.

Insider Activity

In related news, insider Robert Dickinson sold 44,000 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of GBX 295 ($3.64), for a total transaction of £129,800 ($160,326.09). Company insiders own 2.58% of the company’s stock.

Taseko Mines Company Profile

Taseko Mines is a dynamic and growing mining company focused on the operation and development of copper mines in North America.

Headquartered in Vancouver, Taseko operates the state-of-the-art Gibraltar Mine (100% owned), the second largest copper mine in Canada, with a nearly 700-person workforce producing an average of 140 million pounds of copper and 2.5 million pounds of molybdenum per year.

In addition to the Yellowhead copper project and the Aley niobium project, Taseko is also advancing the Florence Copper project in Arizona – a near-term copper producer with an unparalleled energy, water and GHG profile per unit of production.