Taseko Mines (LON:TKO) Shares Down 0.9% - Here's What Happened

Taseko Mines Limited (LON:TKO - Get Free Report)'s share price dropped 0.9% during trading on Thursday . The company traded as low as GBX 171 ($2.16) and last traded at GBX 171 ($2.16). Approximately 3,182 shares traded hands during trading, a decline of 21% from the average daily volume of 4,045 shares. The stock had previously closed at GBX 172.50 ($2.18).

Analyst Upgrades and Downgrades

TKO has been the subject of a number of research analyst reports. Canaccord Genuity Group lifted their price target on Taseko Mines from GBX 270 ($3.41) to GBX 300 ($3.79) and gave the stock a "buy" rating in a report on Thursday, January 23rd. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 275 ($3.47) price target on shares of Taseko Mines in a report on Thursday, November 7th.

Taseko Mines Stock Down 3.9 %

The company has a market cap of £927.03 million, a P/E ratio of 11.09 and a beta of 1.92. The business has a fifty day moving average price of GBX 164.19 and a 200-day moving average price of GBX 168.79.

Insider Transactions at Taseko Mines

In other 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 ($3.72), for a total transaction of £129,800 ($163,764.82). 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.