Taseko Mines (LON:TKO) Stock Price Down 2.6% – Should You Sell?

Taseko Mines Limited (LON:TKO)’s stock price was down 2.6% on Thursday . The company traded as low as GBX 190 ($2.49) and last traded at GBX 190 ($2.49). Approximately 185 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 6,559 shares. The stock had previously closed at GBX 195 ($2.55).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 285 ($3.73) price target on shares of Taseko Mines in a report on Thursday, August 1st.

Taseko Mines Price Performance

The firm has a fifty day moving average of GBX 168.91 and a 200 day moving average of GBX 184.83. The stock has a market capitalization of £557.37 million, a price-to-earnings ratio of 1,900.00 and a beta of 1.92.

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.