Taseko Mines (LON:TKO) Trading Up 0.8% - Here's What Happened

Shares of Taseko Mines Limited (LON:TKO - Get Free Report) shot up 0.8% on Wednesday . The company traded as high as GBX 180 ($2.34) and last traded at GBX 179 ($2.33). 2,372 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 6,380 shares. The stock had previously closed at GBX 177.50 ($2.31).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 275 ($3.58) price objective on shares of Taseko Mines in a report on Thursday.

Taseko Mines Price Performance

The stock has a market capitalization of £542.70 million, a price-to-earnings ratio of 1,850.00 and a beta of 1.92. The firm has a fifty day moving average of GBX 175.77 and a 200 day moving average of GBX 185.07.

About Taseko Mines

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. It explores for copper, molybdenum, gold, niobium, and silver deposits. The company's principal asset comprises 100% interest owned the Gibraltar mine located in British Columbia. It also holds interest in the Yellowhead copper project, the Aley niobium project, and the New Prosperity gold and copper project located in British Columbia; and the Florence copper project located in Arizona.