Taseko Mines (LON:TKO) Price Target Raised to GBX 235

Taseko Mines (LON:TKO) had its target price lifted by investment analysts at Canaccord Genuity Group from GBX 220 ($2.78) to GBX 235 ($2.97) in a report issued on Monday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 44.62% from the company’s current price.

Taseko Mines Stock Up 1.6 %

Shares of TKO stock opened at GBX 162.50 ($2.05) on Monday. The stock has a 50-day moving average price of GBX 121.04 and a 200 day moving average price of GBX 108.81. The firm has a market cap of £471.25 million, a price-to-earnings ratio of 8,125.00 and a beta of 2.09. Taseko Mines has a 12 month low of GBX 81 ($1.02) and a 12 month high of GBX 165 ($2.09).

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 87.5% 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.