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.

Canaccord Genuity Group restated their buy rating on shares of Taseko Mines (LON:TKO - Free Report) in a research report released on Thursday, Marketbeat reports. They currently have a GBX 340 ($4.57) price objective on the stock.

Taseko Mines Stock Performance

Shares of Taseko Mines stock traded up GBX 1.40 ($0.02) during trading on Thursday, reaching GBX 240 ($3.23). The company's stock had a trading volume of 9 shares, compared to its average volume of 6,339. Taseko Mines has a one year low of GBX 125.50 ($1.69) and a one year high of GBX 273.82 ($3.68). The firm has a market cap of £1.30 billion, a price-to-earnings ratio of 15.55 and a beta of 1.92. The business's fifty day moving average price is GBX 229.97 and its 200-day moving average price is GBX 186.34.

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.