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

Taseko Mines (LON:TKO) had its target price boosted by Canaccord Genuity Group from GBX 235 ($2.90) to GBX 275 ($3.40) in a research note issued to investors on Friday, LSE.Co.UK reports. Canaccord Genuity Group currently has a buy rating on the stock.

Taseko Mines Price Performance

TKO stock opened at GBX 191.50 ($2.37) on Friday. Taseko Mines has a 1-year low of GBX 81 ($1.00) and a 1-year high of GBX 208 ($2.57). The business has a 50 day simple moving average of GBX 155.78 and a two-hundred day simple moving average of GBX 121.01. The company has a market capitalization of £555.35 million, a price-to-earnings ratio of 9,600.00 and a beta of 2.09.

Insider Buying and Selling at Taseko Mines

In related news, insider Anu Dhir acquired 14,000 shares of the company’s stock in a transaction on Monday, April 15th. The stock was acquired at an average price of GBX 353 ($4.36) per share, with a total value of £49,420 ($61,042.49). In other news, insider Robert Dickinson sold 500,000 shares of the business’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of GBX 336 ($4.15), for a total value of £1,680,000 ($2,075,098.81). Also, insider Anu Dhir purchased 14,000 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was acquired at an average cost of GBX 353 ($4.36) per share, with a total value of £49,420 ($61,042.49). 3.23% of the stock is currently owned by insiders.

About Taseko Mines

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.