Taseko Mines (LON:TKO) Reaches New 52-Week Low – Here’s Why

Taseko Mines Limited (LON:TKO) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 125.50 ($1.60) and last traded at GBX 125.50 ($1.60), with a volume of 23352 shares. The stock had previously closed at GBX 160 ($2.04).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 300 ($3.82) target price on shares of Taseko Mines in a research report on Thursday, February 20th.

Taseko Mines Stock Performance

The stock has a fifty day moving average of GBX 168.50 and a 200 day moving average of GBX 171.04. The company has a market capitalization of £679.96 million, a P/E ratio of 8.13 and a beta of 1.92.

Insider Transactions at Taseko Mines

In other Taseko Mines news, insider Robert Dickinson sold 44,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of GBX 295 ($3.76), for a total value of £129,800 ($165,224.03). Corporate insiders own 2.58% of the company’s stock.

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.