Taseko Mines (LON:TKO) Trading 5% Higher – Here’s Why

Taseko Mines Limited (LON:TKO)’s share price traded up 5% during mid-day trading on Thursday . The stock traded as high as GBX 168 ($2.18) and last traded at GBX 168 ($2.18). 2,002 shares were traded during trading, a decline of 57% from the average session volume of 4,695 shares. The stock had previously closed at GBX 160 ($2.07).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 300 ($3.89) price target on shares of Taseko Mines in a research report on Thursday, February 20th.

Taseko Mines Stock Performance

The stock has a fifty day simple moving average of GBX 166.14 and a two-hundred day simple moving average of GBX 168.92. The stock has a market capitalization of £910.23 million, a price-to-earnings ratio of 10.89 and a beta of 1.92.

Insider Buying and Selling

In related news, insider Robert Dickinson sold 44,000 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of GBX 295 ($3.82), for a total transaction of £129,800 ($168,134.72). 2.58% of the stock is currently owned by insiders.

About Taseko Mines

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.