Canaccord Genuity Group Raises Taseko Mines (LON:TKO) Price Target to GBX 300

Taseko Mines (LON:TKO) had its price objective increased by stock analysts at Canaccord Genuity Group from GBX 270 ($3.37) to GBX 300 ($3.75) in a research note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 77.51% from the stock’s current price.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 275 ($3.43) price target on shares of Taseko Mines in a report on Thursday, November 7th.

Taseko Mines Stock Down 0.6 %

Shares of TKO opened at GBX 169 ($2.11) on Thursday. Taseko Mines has a twelve month low of GBX 106.50 ($1.33) and a twelve month high of GBX 238 ($2.97). The company has a market capitalization of £495.76 million, a P/E ratio of 1,690.00 and a beta of 1.92. The firm has a 50 day moving average of GBX 164.78 and a 200 day moving average of GBX 171.14.

Insiders Place Their Bets

In related news, insider Robert Dickinson sold 44,000 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of GBX 295 ($3.68), for a total value of £129,800 ($162,067.67). Corporate insiders own 2.58% of the company’s stock.

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.