Taseko Mines’ (TKO) Buy Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Taseko Mines (LON:TKO) in a research report released on Thursday,London Stock Exchange reports. They currently have a GBX 300 ($3.80) price target on the stock.

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 275 ($3.48) target price on shares of Taseko Mines in a research report on Thursday, November 7th.

Taseko Mines Trading Down 5.9 %

Shares of LON TKO opened at GBX 160.05 ($2.03) on Thursday. Taseko Mines has a 12 month low of GBX 115 ($1.46) and a 12 month high of GBX 238 ($3.02). The firm has a market capitalization of £867.16 million, a price-to-earnings ratio of 10.37 and a beta of 1.92. The business has a 50-day moving average of GBX 165.16 and a 200-day moving average of GBX 168.97.

Insider Buying and Selling

In related news, insider Robert Dickinson sold 44,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of GBX 295 ($3.74), for a total value of £129,800 ($164,470.35). 2.58% of the stock is currently owned by corporate 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.