Taseko Mines (LON:TKO) Price Target Raised to GBX 300 at Canaccord Genuity Group

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 note issued 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 set a GBX 275 ($3.40) target price on shares of Taseko Mines in a research note on Thursday, November 7th.

Taseko Mines Price Performance

Shares of TKO opened at GBX 170 ($2.10) on Thursday. Taseko Mines has a 52 week low of GBX 101 ($1.25) and a 52 week high of GBX 238 ($2.94). The stock has a market cap of £498.70 million, a price-to-earnings ratio of 1,700.00 and a beta of 1.92. The business has a 50-day simple moving average of GBX 165 and a two-hundred day simple moving average of GBX 171.16.

Insider Buying and Selling at Taseko Mines

In other Taseko Mines news, insider Robert Dickinson sold 44,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of GBX 295 ($3.64), for a total value of £129,800 ($160,326.09). 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.