Taseko Mines (LON:TKO) Trading Up 3.5%

Taseko Mines Limited (LON:TKO) shot up 3.5% during mid-day trading on Monday . The company traded as high as GBX 199.70 ($2.54) and last traded at GBX 192.50 ($2.45). 24,413 shares were traded during mid-day trading, an increase of 197% from the average session volume of 8,208 shares. The stock had previously closed at GBX 186 ($2.36).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group upped their target price on Taseko Mines from GBX 235 ($2.99) to GBX 275 ($3.49) and gave the company a “buy” rating in a report on Friday, April 26th.

Taseko Mines Stock Performance

The firm has a 50 day moving average price of GBX 201.84 and a 200-day moving average price of GBX 148.78. The company has a market cap of £561.04 million, a P/E ratio of 1,480.77 and a beta of 2.09.

Insider Buying and Selling at Taseko Mines

In other news, insider Robert Dickinson sold 500,000 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of GBX 336 ($4.27), for a total value of £1,680,000 ($2,134,688.69). In related news, insider Robert Dickinson sold 500,000 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of GBX 336 ($4.27), for a total transaction of £1,680,000 ($2,134,688.69). Also, insider Anu Dhir bought 8,800 shares of the firm’s stock in a transaction that occurred on Friday, April 19th. The shares were acquired at an average price of GBX 348 ($4.42) per share, with a total value of £30,624 ($38,912.33). Corporate insiders own 2.83% of the company’s stock.

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.