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

Taseko Mines (LON:TKO)‘s stock had its “buy” rating reaffirmed by stock analysts at Canaccord Genuity Group in a research report issued on Thursday, Marketbeat.com reports. They presently have a GBX 275 ($3.58) price objective on the stock. Canaccord Genuity Group’s price target points to a potential upside of 51.93% from the stock’s previous close.

Taseko Mines Stock Down 2.2 %

Shares of LON:TKO opened at GBX 181 ($2.36) on Thursday. The firm has a market capitalization of £530.96 million, a PE ratio of 1,810.00 and a beta of 1.92. Taseko Mines has a twelve month low of GBX 86.50 ($1.13) and a twelve month high of GBX 238 ($3.10). The company has a 50-day moving average price of GBX 175.95 and a two-hundred day moving average price of GBX 184.99.

About Taseko Mines

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. It explores for copper, molybdenum, gold, niobium, and silver deposits. The company's principal asset comprises 100% interest owned the Gibraltar mine located in British Columbia. It also holds interest in the Yellowhead copper project, the Aley niobium project, and the New Prosperity gold and copper project located in British Columbia; and the Florence copper project located in Arizona.