Canaccord Genuity Group Reaffirms Buy Rating for Taseko Mines (LON:TKO)

Taseko Mines (LON:TKO - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at Canaccord Genuity Group in a note issued to investors on Monday,Digital Look reports. They presently have a GBX 290 ($3.93) price objective on the stock. Canaccord Genuity Group's price target would suggest a potential upside of 38.10% from the company's current price.

Taseko Mines Price Performance

Taseko Mines stock opened at GBX 210 ($2.84) on Monday. The stock has a market capitalization of £1.14 billion, a PE ratio of 13.61 and a beta of 1.92. The business has a 50 day simple moving average of GBX 158.57 and a 200-day simple moving average of GBX 164.11. Taseko Mines has a 12 month low of GBX 125.50 ($1.70) and a 12 month high of GBX 226 ($3.06).

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.

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