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

Key Points

• Canaccord Genuity Group has reiterated its "buy" rating for Taseko Mines (TKO) with a price target of GBX 340 ($4.54), suggesting a potential upside of 42.62% from its previous close.
• Taseko Mines’ shares recently opened at GBX 238.40 ($3.18) and have seen a twelve-month range between GBX 125.50 ($1.68) and GBX 273.82 ($3.66).
• The company operates the Gibraltar Mine, which is the second-largest copper mine in Canada, producing an average of 140 million pounds of copper annually.

Taseko Mines (LON:TKO - Get Free Report)'s stock had its "buy" rating restated by research analysts at Canaccord Genuity Group in a research report issued to clients and investors on Thursday, Marketbeat reports. They presently have a GBX 340 ($4.54) price target on the stock. Canaccord Genuity Group's price target points to a potential upside of 42.62% from the stock's previous close.

Taseko Mines Trading Up 2.8%

Shares of TKO opened at GBX 238.40 ($3.18) on Thursday. Taseko Mines has a twelve month low of GBX 125.50 ($1.68) and a twelve month high of GBX 273.82 ($3.66). The company has a market cap of £1.29 billion, a P/E ratio of 15.45 and a beta of 1.92. The company's fifty day simple moving average is GBX 226.67 and its 200-day simple moving average is GBX 185.17.

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.

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