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

Taseko Mines (LON:TKO) had its price objective lifted by Canaccord Genuity Group from GBX 235 ($2.90) to GBX 275 ($3.40) in a research note issued on Friday, LSE.Co.UK reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 43.23% from the company’s previous close.

Taseko Mines Stock Up 1.1 %

LON:TKO opened at GBX 192 ($2.37) on Friday. The company has a fifty day simple moving average of GBX 155.78 and a two-hundred day simple moving average of GBX 120.83. The company has a market cap of £556.80 million, a price-to-earnings ratio of 9,600.00 and a beta of 2.09. Taseko Mines has a 52 week low of GBX 81 ($1.00) and a 52 week high of GBX 208 ($2.57).

Insider Buying and Selling

In related news, insider Robert Dickinson sold 500,000 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of GBX 336 ($4.15), for a total transaction of £1,680,000 ($2,075,098.81). In other news, insider Anu Dhir bought 8,800 shares of the stock in a transaction that occurred on Friday, April 19th. The stock was purchased at an average price of GBX 348 ($4.30) per share, for a total transaction of £30,624 ($37,826.09). Also, insider Robert Dickinson sold 500,000 shares of the business’s 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). 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.