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

Taseko Mines (LON:TKO)‘s stock had its “buy” rating reiterated by stock analysts at Canaccord Genuity Group in a research note issued on Thursday,London Stock Exchange reports. They currently have a GBX 300 ($3.79) target price on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 81.82% from the stock’s previous close.

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 275 ($3.47) price target on shares of Taseko Mines in a research note on Thursday, November 7th.

Taseko Mines Stock Down 2.9 %

TKO stock opened at GBX 165 ($2.08) on Thursday. The company has a market cap of £893.98 million, a price-to-earnings ratio of 10.69 and a beta of 1.92. The business has a fifty day simple moving average of GBX 165.16 and a 200-day simple moving average of GBX 168.97. Taseko Mines has a 52 week low of GBX 115 ($1.45) and a 52 week high of GBX 238 ($3.01).

Insider Activity at Taseko Mines

In related news, insider Robert Dickinson sold 44,000 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of GBX 295 ($3.73), for a total value of £129,800 ($163,992.42). 2.58% of the stock is currently owned by 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.