Taseko Mines (LON:TKO) Given New GBX 390 Price Target at Canaccord Genuity Group

Taseko Mines (LON:TKO) had its price target hoisted by equities researchers at Canaccord Genuity Group from GBX 330 to GBX 390 in a report released on Friday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 15.73% from the stock’s previous close.

Taseko Mines Stock Up 0.6%

LON:TKO traded up GBX 2 during mid-day trading on Friday, reaching GBX 337. 3,775 shares of the company were exchanged, compared to its average volume of 6,181. The stock has a market cap of £1.21 billion, a PE ratio of -33.70 and a beta of 1.92. Taseko Mines has a 12 month low of GBX 125.50 and a 12 month high of GBX 361.60. The company has a fifty day moving average of GBX 301.27 and a 200 day moving average of GBX 243.12.

Insiders Place Their Bets

In other Taseko Mines news, insider Russell Hallbauer sold 10,000 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of GBX 493, for a total value of £49,300. 2.58% of the stock is owned by company insiders.

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.