Canaccord Genuity Group Reiterates “Buy” Rating for Taseko Mines (LON:TKO)

Taseko Mines (LON:TKO)‘s stock had its “buy” rating reissued by analysts at Canaccord Genuity Group in a report released on Thursday, Marketbeat.com reports. They presently have a GBX 275 ($3.58) price objective on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 51.93% from the stock’s current price.

Taseko Mines Stock Performance

TKO stock opened at GBX 181 ($2.36) on Thursday. The company has a market capitalization of £530.96 million, a P/E ratio of 1,810.00 and a beta of 1.92. Taseko Mines has a 52-week low of GBX 86.50 ($1.13) and a 52-week high of GBX 238 ($3.10). The business has a 50-day simple moving average of GBX 175.95 and a two-hundred day simple moving average of GBX 184.99.

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.