Canaccord Genuity Group Reiterates “Buy” Rating for Taseko Mines (LON:TKO)

Taseko Mines (LON:TKO)‘s stock had its “buy” rating reissued by analysts at Canaccord Genuity Group in a research report issued to clients and investors on Thursday, Marketbeat reports. They currently have a GBX 220 ($2.68) price target on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 139.13% from the stock’s current price.

Taseko Mines Price Performance

Shares of LON:TKO opened at GBX 92 ($1.12) on Thursday. Taseko Mines has a 52 week low of GBX 81 ($0.99) and a 52 week high of GBX 160 ($1.95). The company has a market capitalization of £265.55 million, a P/E ratio of -4,600.00 and a beta of 2.15. The firm has a 50 day moving average price of GBX 102.16.

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 holds 75% interest in the Gibraltar mine located in British Columbia. It also holds 100% interest in 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.