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

Taseko Mines (LON:TKO) had its price objective boosted by Canaccord Genuity Group from GBX 235 ($2.90) to GBX 275 ($3.40) in a research note published on Friday morning, LSE.Co.UK reports. They currently have a buy rating on the stock.

Taseko Mines Price Performance

LON:TKO opened at GBX 192 ($2.37) on Friday. Taseko Mines has a 12-month low of GBX 81 ($1.00) and a 12-month high of GBX 208 ($2.57). The firm has a market capitalization of £556.80 million, a P/E ratio of 9,600.00 and a beta of 2.09. The business has a 50 day simple moving average of GBX 155.78 and a 200 day simple moving average of GBX 120.71.

Insider Activity at Taseko Mines

In related news, insider Anu Dhir acquired 14,000 shares of Taseko Mines stock in a transaction that occurred on Monday, April 15th. The stock was acquired at an average price of GBX 353 ($4.36) per share, for a total transaction of £49,420 ($61,042.49). In other Taseko Mines news, insider Robert Dickinson sold 500,000 shares of Taseko Mines stock in a transaction on Thursday, April 11th. The stock was 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 14,000 shares of the business’s stock in a transaction on Monday, April 15th. The shares were acquired at an average cost of GBX 353 ($4.36) per share, for a total transaction of £49,420 ($61,042.49). Insiders own 3.23% of the company’s stock.

Taseko Mines Company Profile

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.