Taseko Mines (LON:TKO) Trading Down 0.9% – Time to Sell?

Taseko Mines Limited (LON:TKO) shares traded down 0.9% on Thursday . The company traded as low as GBX 171 ($2.15) and last traded at GBX 171 ($2.15). 3,182 shares were traded during mid-day trading, a decline of 21% from the average session volume of 4,045 shares. The stock had previously closed at GBX 172.50 ($2.17).

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 275 ($3.46) target price on shares of Taseko Mines in a report on Thursday, November 7th. Canaccord Genuity Group upped their target price on Taseko Mines from GBX 270 ($3.40) to GBX 300 ($3.78) and gave the company a “buy” rating in a report on Thursday, January 23rd.

Taseko Mines Stock Performance

The firm has a market cap of £964.41 million, a P/E ratio of 11.54 and a beta of 1.92. The company has a 50 day moving average of GBX 163.76 and a 200 day moving average of GBX 168.73.

Insider Activity at Taseko Mines

In related news, insider Robert Dickinson sold 44,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of GBX 295 ($3.71), for a total value of £129,800 ($163,373.19). 2.58% of the stock is currently owned by company insiders.

About Taseko Mines

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.