Taseko Mines (LON:TKO) Receives “Buy” Rating from Canaccord Genuity Group

Taseko Mines (LON:TKO)‘s stock had its “buy” rating reaffirmed by research analysts at Canaccord Genuity Group in a report released on Thursday,London Stock Exchange reports. They currently have a GBX 300 ($3.78) price target on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 87.44% from the company’s current price.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 275 ($3.46) price target on shares of Taseko Mines in a research report on Thursday, November 7th.

Taseko Mines Stock Down 5.9 %

Shares of LON:TKO traded down GBX 9.95 ($0.13) during midday trading on Thursday, reaching GBX 160.05 ($2.01). 1,872 shares of the company were exchanged, compared to its average volume of 4,138. The stock has a fifty day simple moving average of GBX 165.21 and a two-hundred day simple moving average of GBX 169.03. Taseko Mines has a fifty-two week low of GBX 115 ($1.45) and a fifty-two week high of GBX 238 ($2.99). The firm has a market cap of £867.16 million, a PE ratio of 10.37 and a beta of 1.92.

Insider Buying and Selling at Taseko Mines

In other Taseko Mines news, insider Robert Dickinson sold 44,000 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of GBX 295 ($3.71), for a total value of £129,800 ($163,332.07). Corporate 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.