Taseko Mines (LON:TKO) Given New GBX 300 Price Target at Canaccord Genuity Group

Taseko Mines (LON:TKO - Free Report) had its price target boosted by Canaccord Genuity Group from GBX 270 ($3.32) to GBX 300 ($3.69) in a research note released on Thursday, MarketBeat.com reports. Canaccord Genuity Group currently has a buy rating on the stock.

Separately, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 275 ($3.39) price target on shares of Taseko Mines in a report on Thursday, November 7th.

Taseko Mines Stock Performance

LON:TKO remained flat at GBX 170 ($2.09) on Thursday. Taseko Mines has a 12-month low of GBX 101 ($1.24) and a 12-month high of GBX 238 ($2.93). The business's fifty day moving average price is GBX 165 and its 200-day moving average price is GBX 171.16. The firm has a market cap of £498.70 million, a price-to-earnings ratio of 1,700.00 and a beta of 1.92.

Insider Buying and Selling

In related news, insider Robert Dickinson sold 44,000 shares of Taseko Mines stock in a transaction on Monday, January 13th. The shares were sold at an average price of GBX 295 ($3.63), for a total value of £129,800 ($159,793.18). 2.58% of the stock is owned by company insiders.

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.