Canaccord Genuity Group Boosts Taseko Mines (TSE:TKO) Price Target to C$13.50

Taseko Mines (TSE:TKO) had its target price raised by research analysts at Canaccord Genuity Group from C$12.75 to C$13.50 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 23.63% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. TD Securities increased their price objective on shares of Taseko Mines from C$6.50 to C$12.00 in a research report on Thursday, January 22nd. National Bank Financial increased their target price on Taseko Mines from C$8.50 to C$13.50 in a report on Thursday, January 29th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$10.88.

Taseko Mines Stock Performance

Shares of Taseko Mines stock opened at C$10.92 on Friday. The business has a 50-day simple moving average of C$9.46 and a 200-day simple moving average of C$6.99. Taseko Mines has a one year low of C$2.38 and a one year high of C$12.47. The company has a market cap of C$3.94 billion, a PE ratio of -57.47 and a beta of 2.15.

Insider Buying and Selling

In other Taseko Mines news, insider Richard James Weymark sold 70,000 shares of the company’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of C$10.50, for a total value of C$735,000.00. Also, insider Brian Lee Bergot sold 120,000 shares of Taseko Mines stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of C$9.97, for a total value of C$1,196,400.00. Following the completion of the sale, the insider directly owned 211,811 shares in the company, valued at C$2,111,755.67. This represents a 36.17% decrease in their position. Insiders have sold 205,000 shares of company stock worth $2,104,800 in the last ninety days. 2.58% of the stock is owned by corporate insiders.

Taseko Mines Company Profile

Taseko Mines Ltd is a Canadian mining company. It is principally engaged in the production and sale of metals, as well as related activities, including exploration and mine development, within the province of British Columbia, Canada, and the State of Arizona, the United States. The Gibraltar, Aley, New Prosperity, and Harmony properties are located in British Columbia whereas Florence copper is in central Arizona.