Taseko Mines (LON:TKO) Trading Down 0.9% – Here’s Why

Shares of Taseko Mines Limited (LON:TKO) traded down 0.9% on Thursday . The stock traded as low as GBX 171 ($2.15) and last traded at GBX 171 ($2.15). 3,182 shares changed hands during trading, a decline of 21% from the average session volume of 4,045 shares. The stock had previously closed at GBX 172.50 ($2.17).

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 275 ($3.46) target price on shares of Taseko Mines in a research note on Thursday, November 7th. Canaccord Genuity Group upped their price objective on shares of Taseko Mines from GBX 270 ($3.40) to GBX 300 ($3.78) and gave the stock a “buy” rating in a report on Thursday, January 23rd.

Taseko Mines Stock Up 3.2 %

The firm’s 50-day simple moving average is GBX 163.76 and its 200 day simple moving average is GBX 168.73. The stock has a market capitalization of £964.41 million, a P/E ratio of 11.54 and a beta of 1.92.

Insiders Place Their Bets

In other Taseko Mines news, insider Robert Dickinson sold 44,000 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of GBX 295 ($3.71), for a total transaction of £129,800 ($163,373.19). 2.58% of the stock is owned by company insiders.

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.