Taseko Mines’ (TKO) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Taseko Mines (LON:TKO) in a report released on Monday morning, Marketbeat Ratings reports. Canaccord Genuity Group currently has a GBX 290 ($3.93) target price on the stock.

Taseko Mines Stock Performance

Taseko Mines stock opened at GBX 212 ($2.87) on Monday. The firm’s fifty day moving average price is GBX 161.78 and its 200-day moving average price is GBX 165.19. The stock has a market cap of £1.15 billion, a P/E ratio of 13.74 and a beta of 1.92. Taseko Mines has a fifty-two week low of GBX 125.50 ($1.70) and a fifty-two week high of GBX 226 ($3.06).

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.