Canaccord Genuity Group Raises Taseko Mines (LON:TKO) Price Target to GBX 275

Taseko Mines (LON:TKO) had its target price upped by research analysts at Canaccord Genuity Group from GBX 235 ($2.90) to GBX 275 ($3.40) in a research note issued to investors on Friday, LSE.Co.UK reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 48.65% from the company’s previous close.

Taseko Mines Stock Performance

Taseko Mines stock opened at GBX 185 ($2.29) on Friday. The company’s 50 day simple moving average is GBX 154.17 and its 200-day simple moving average is GBX 120.11. The company has a market capitalization of £536.50 million, a price-to-earnings ratio of 9,250.00 and a beta of 2.09. Taseko Mines has a 1 year low of GBX 81 ($1.00) and a 1 year high of GBX 208 ($2.57).

Insider Buying and Selling

In related news, insider Robert Dickinson sold 500,000 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of GBX 336 ($4.15), for a total transaction of £1,680,000 ($2,075,098.81). In related news, insider Robert Dickinson sold 500,000 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of GBX 336 ($4.15), for a total transaction of £1,680,000 ($2,075,098.81). Also, insider Anu Dhir bought 8,800 shares of the business’s stock in a transaction that occurred on Friday, April 19th. The shares were acquired at an average cost of GBX 348 ($4.30) per share, for a total transaction of £30,624 ($37,826.09). 3.23% of the stock is owned by insiders.

About Taseko Mines

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. It explores for copper, molybdenum, gold, niobium, and silver deposits. The company's principal asset comprises 100% interest owned the Gibraltar mine located in British Columbia. It also holds interest in the Yellowhead copper project, the Aley niobium project, and the New Prosperity gold and copper project located in British Columbia; and the Florence copper project located in Arizona.