Taseko Mines (LON:TKO) Reaches New 1-Year Low - Here's Why

Taseko Mines Limited (LON:TKO - Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as GBX 125.50 ($1.64) and last traded at GBX 125.50 ($1.64), with a volume of 23352 shares changing hands. The stock had previously closed at GBX 160 ($2.09).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 300 ($3.93) price target on shares of Taseko Mines in a research report on Thursday, February 20th.

Taseko Mines Price Performance

The business's 50 day simple moving average is GBX 167.88 and its 200 day simple moving average is GBX 170.15. The company has a market capitalization of £834.38 million, a price-to-earnings ratio of 9.98 and a beta of 1.92.

Insider Buying and Selling at Taseko Mines

In other news, insider Robert Dickinson sold 44,000 shares of the company's stock in a transaction on Monday, January 13th. The shares were sold at an average price of GBX 295 ($3.86), for a total transaction of £129,800 ($169,895.29). 2.58% of the stock is currently owned by corporate 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.