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

Taseko Mines (LON:TKO) had its target price lifted by Canaccord Genuity Group from GBX 235 ($2.95) to GBX 275 ($3.45) in a research report sent to investors on Friday, LSE.Co.UK reports. Canaccord Genuity Group currently has a buy rating on the stock.

Taseko Mines Stock Performance

Shares of TKO opened at GBX 195 ($2.45) on Friday. Taseko Mines has a fifty-two week low of GBX 81 ($1.02) and a fifty-two week high of GBX 208 ($2.61). The stock has a fifty day moving average of GBX 157.38 and a two-hundred day moving average of GBX 121.66. The company has a market capitalization of £565.50 million, a PE ratio of 9,750.00 and a beta of 2.09.

Insiders Place Their Bets

In related news, insider Anu Dhir acquired 14,000 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was bought at an average price of GBX 353 ($4.43) per share, with a total value of £49,420 ($62,077.63). In other news, insider Anu Dhir acquired 14,000 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was acquired at an average cost of GBX 353 ($4.43) per share, for a total transaction of £49,420 ($62,077.63). Also, insider Robert Dickinson sold 500,000 shares of the company’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of GBX 336 ($4.22), for a total value of £1,680,000 ($2,110,287.65). 3.23% of the stock is owned by corporate 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.