Taseko Mines (LON:TKO) Shares Down 10.4% – What’s Next?

Taseko Mines Limited (LON:TKO) shares traded down 10.4% on Friday . The stock traded as low as GBX 150 ($1.93) and last traded at GBX 150 ($1.93). 6,750 shares changed hands during trading, an increase of 25% from the average session volume of 5,405 shares. The stock had previously closed at GBX 167.50 ($2.16).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 300 ($3.87) price objective on shares of Taseko Mines in a research report on Thursday, February 20th.

Taseko Mines Price Performance

The stock has a market capitalization of £812.70 million, a PE ratio of 9.72 and a beta of 1.92. The company has a 50 day moving average price of GBX 169.09 and a 200-day moving average price of GBX 171.13.

Insiders Place Their Bets

In other Taseko Mines news, insider Robert Dickinson sold 44,000 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of GBX 295 ($3.80), for a total value of £129,800 ($167,375.89). Company insiders own 2.58% of the company’s stock.

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.