Taseko Mines (LON:TKO) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Taseko Mines (LON:TKO) had its target price raised by investment analysts at Canaccord Genuity Group from GBX 270 ($3.32) to GBX 300 ($3.69) in a research report issued to clients and investors on Thursday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 76.47% from the company’s current price.

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 275 ($3.39) target price on shares of Taseko Mines in a research note on Thursday, November 7th.

Taseko Mines Stock Performance

Shares of LON TKO opened at GBX 170 ($2.09) on Thursday. The stock has a fifty day moving average price of GBX 165.19 and a 200 day moving average price of GBX 171.36. Taseko Mines has a 12-month low of GBX 101 ($1.24) and a 12-month high of GBX 238 ($2.93). The company has a market cap of £498.70 million, a P/E ratio of 1,700.00 and a beta of 1.92.

Insider Activity at Taseko Mines

In other Taseko Mines news, insider Robert Dickinson sold 44,000 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of GBX 295 ($3.63), for a total value of £129,800 ($159,793.18). Company 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.