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

Taseko Mines (LON:TKO) had its price objective upped by Canaccord Genuity Group from GBX 270 ($3.37) to GBX 300 ($3.74) in a research note published on Thursday, MarketBeat reports. They currently have a buy rating on the stock.

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

Taseko Mines Trading Down 0.6 %

TKO stock opened at GBX 169 ($2.11) on Thursday. The firm has a 50 day moving average of GBX 164.78 and a 200-day moving average of GBX 170.94. Taseko Mines has a 12 month low of GBX 106.50 ($1.33) and a 12 month high of GBX 238 ($2.97). The firm has a market capitalization of £495.76 million, a P/E ratio of 1,690.00 and a beta of 1.92.

Insider Transactions at Taseko Mines

In other news, insider Robert Dickinson sold 44,000 shares of the company’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 ($162,027.21). 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.