Taseko Mines (LON:TKO) Stock Price Up 5% – Should You Buy?

Shares of Taseko Mines Limited (LON:TKO) traded up 5% during trading on Thursday . The stock traded as high as GBX 168 ($2.17) and last traded at GBX 168 ($2.17). 2,002 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 4,695 shares. The stock had previously closed at GBX 160 ($2.07).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 300 ($3.88) price target on shares of Taseko Mines in a report on Thursday, February 20th.

Taseko Mines Stock Performance

The business has a fifty day moving average of GBX 166.35 and a 200-day moving average of GBX 168.96. The company has a market capitalization of £940.03 million, a P/E ratio of 11.24 and a beta of 1.92.

Insider Buying and Selling

In related news, insider Robert Dickinson sold 44,000 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of GBX 295 ($3.82), for a total value of £129,800 ($167,895.49). 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.