Taseko Mines (LON:TKO) Earns Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Taseko Mines (LON:TKO - Free Report) in a research report released on Thursday morning,London Stock Exchange reports. They currently have a GBX 300 ($3.79) price target on the stock.

Separately, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 275 ($3.47) price target on shares of Taseko Mines in a research report on Thursday, November 7th.

Taseko Mines Trading Down 2.9 %

Shares of LON:TKO traded down GBX 5 ($0.06) during trading on Thursday, reaching GBX 165 ($2.08). 17 shares of the stock were exchanged, compared to its average volume of 4,021. Taseko Mines has a 12 month low of GBX 115 ($1.45) and a 12 month high of GBX 238 ($3.01). The stock has a 50-day moving average price of GBX 165.16 and a 200-day moving average price of GBX 168.97. The firm has a market cap of £893.98 million, a PE ratio of 10.69 and a beta of 1.92.

Insider Activity

In other Taseko Mines news, insider Robert Dickinson sold 44,000 shares of the business's stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of GBX 295 ($3.73), for a total transaction of £129,800 ($163,992.42). 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.