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

Canaccord Genuity Group reiterated their buy rating on shares of Taseko Mines (LON:TKO) in a report released on Thursday morning,London Stock Exchange reports. They currently have a GBX 300 ($3.79) price objective on the stock.

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 275 ($3.47) price objective on shares of Taseko Mines in a research report on Thursday, November 7th.

Taseko Mines Trading Down 2.9 %

Shares of TKO opened at GBX 165 ($2.08) on Thursday. Taseko Mines has a 12-month low of GBX 115 ($1.45) and a 12-month high of GBX 238 ($3.01). The firm has a fifty day moving average price of GBX 165.28 and a 200-day moving average price of GBX 168.99. The firm has a market capitalization of £893.98 million, a P/E ratio of 10.69 and a beta of 1.92.

Insiders Place Their Bets

In other news, insider Robert Dickinson sold 44,000 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of GBX 295 ($3.73), for a total transaction of £129,800 ($163,992.42). Insiders own 2.58% of the company’s stock.

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.