Canaccord Genuity Group Reiterates Buy Rating for Taseko Mines (LON:TKO)

Taseko Mines (LON:TKO)‘s stock had its “buy” rating restated by stock analysts at Canaccord Genuity Group in a report released on Thursday, Digital Look reports. They currently have a GBX 275 ($3.58) target price on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 45.12% from the company’s current price.

Taseko Mines Trading Up 8.3 %

Shares of TKO stock traded up GBX 14.50 ($0.19) during trading on Thursday, reaching GBX 189.50 ($2.47). 9,900 shares of the company’s stock traded hands, compared to its average volume of 6,397. Taseko Mines has a 1 year low of GBX 86.50 ($1.13) and a 1 year high of GBX 238 ($3.10). The company has a market capitalization of £555.90 million, a P/E ratio of 1,895.00 and a beta of 1.92. The firm’s 50-day moving average is GBX 175.30 and its 200 day moving average is GBX 185.07.

Taseko Mines Company Profile

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. It explores for copper, molybdenum, gold, niobium, and silver deposits. The company's principal asset comprises 100% interest owned the Gibraltar mine located in British Columbia. It also holds interest in the Yellowhead copper project, the Aley niobium project, and the New Prosperity gold and copper project located in British Columbia; and the Florence copper project located in Arizona.