Taseko Mines’ (TKO) “Buy” Rating Reiterated at Canaccord Genuity Group

Taseko Mines (LON:TKO)‘s stock had its “buy” rating reiterated by research analysts at Canaccord Genuity Group in a note issued to investors on Thursday,London Stock Exchange reports. They presently have a GBX 300 ($3.78) target price on the stock. Canaccord Genuity Group’s price target points to a potential upside of 87.44% from the company’s current price.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 275 ($3.46) target price on shares of Taseko Mines in a research report on Thursday, November 7th.

Taseko Mines Stock Performance

Shares of TKO stock traded down GBX 9.95 ($0.13) during trading on Thursday, hitting GBX 160.05 ($2.01). 1,872 shares of the company were exchanged, compared to its average volume of 4,138. The business’s 50-day simple moving average is GBX 165.21 and its 200 day simple moving average is GBX 169.03. Taseko Mines has a twelve month low of GBX 115 ($1.45) and a twelve month high of GBX 238 ($2.99). The firm has a market capitalization of £867.16 million, a price-to-earnings ratio of 10.37 and a beta of 1.92.

Insider Buying and Selling

In related 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 ($3.71), for a total transaction of £129,800 ($163,332.07). 2.58% of the stock is 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.