Taseko Mines (LON:TKO) Stock Price Down 0.9% – Here’s What Happened

Taseko Mines Limited (LON:TKO)’s share price fell 0.9% during trading on Thursday . The stock traded as low as GBX 171 ($2.15) and last traded at GBX 171 ($2.15). 3,182 shares were traded during mid-day trading, a decline of 21% from the average session volume of 4,045 shares. The stock had previously closed at GBX 172.50 ($2.17).

Analyst Ratings Changes

Several research firms have commented on TKO. Canaccord Genuity Group increased their target price on Taseko Mines from GBX 270 ($3.39) to GBX 300 ($3.77) and gave the company a “buy” rating in a research report on Thursday, January 23rd. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 275 ($3.46) target price on shares of Taseko Mines in a research report on Thursday, November 7th.

Taseko Mines Stock Down 0.9 %

The company has a market cap of £926.48 million, a price-to-earnings ratio of 11.08 and a beta of 1.92. The firm has a 50 day moving average price of GBX 163.44 and a two-hundred day moving average price of GBX 168.72.

Insider Activity

In other news, insider Robert Dickinson sold 44,000 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of GBX 295 ($3.71), for a total value of £129,800 ($163,126.81). 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.