Taseko Mines' (TKO) "Buy" Rating Reiterated at Canaccord Genuity Group

Taseko Mines (LON:TKO - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Canaccord Genuity Group in a research note issued to investors on Friday, MarketBeat reports. They presently have a GBX 170 ($2.27) price target on the stock. Canaccord Genuity Group's price objective would indicate a potential upside of 8.97% from the company's previous close.

Taseko Mines Trading Up 2.3 %

TKO stock traded up GBX 3.50 ($0.05) during trading on Friday, reaching GBX 156 ($2.08). 14,512 shares of the stock were exchanged, compared to its average volume of 5,847. Taseko Mines has a twelve month low of GBX 125.50 ($1.68) and a twelve month high of GBX 238 ($3.18). The company has a market capitalization of £845.21 million, a P/E ratio of 10.11 and a beta of 1.92. The stock has a 50 day simple moving average of GBX 165.37 and a 200-day simple moving average of GBX 166.87.

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.