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

Canaccord Genuity Group restated their buy rating on shares of Taseko Mines (LON:TKO) in a research note issued to investors on Monday morning, Marketbeat reports. They currently have a GBX 290 ($3.93) target price on the stock.

Taseko Mines Trading Down 2.7%

Shares of LON TKO opened at GBX 220 ($2.98) on Monday. The company has a market cap of £1.19 billion, a price-to-earnings ratio of 14.26 and a beta of 1.92. Taseko Mines has a 12 month low of GBX 125.50 ($1.70) and a 12 month high of GBX 226 ($3.06). The stock has a 50-day moving average price of GBX 159.64 and a two-hundred day moving average price of GBX 164.50.

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.