Canaccord Genuity Group Forecasts Strong Price Appreciation for Taseko Mines (LON:TKO) Stock

Taseko Mines (LON:TKO) had its target price boosted by equities research analysts at Canaccord Genuity Group from GBX 270 ($3.32) to GBX 300 ($3.69) in a research report issued on Thursday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 76.47% from the company’s previous close.

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 275 ($3.39) price target on shares of Taseko Mines in a research note on Thursday, November 7th.

Taseko Mines Price Performance

TKO stock opened at GBX 170 ($2.09) on Thursday. The stock has a market capitalization of £498.70 million, a price-to-earnings ratio of 1,700.00 and a beta of 1.92. Taseko Mines has a 52-week low of GBX 101 ($1.24) and a 52-week high of GBX 238 ($2.93). The stock’s fifty day simple moving average is GBX 165.19 and its 200-day simple moving average is GBX 171.36.

Insiders Place Their Bets

In other Taseko Mines news, insider Robert Dickinson sold 44,000 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of GBX 295 ($3.63), for a total transaction of £129,800 ($159,793.18). 2.58% of the stock is currently owned by insiders.

Taseko Mines Company Profile

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.