Taseko Mines (LON:TKO) Trading 2.4% Higher – Time to Buy?

Taseko Mines Limited (LON:TKO) traded up 2.4% on Tuesday . The company traded as high as GBX 338 and last traded at GBX 338. 3,683 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 6,197 shares. The stock had previously closed at GBX 330.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 340 target price on shares of Taseko Mines in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Taseko Mines has an average rating of “Buy” and an average price target of GBX 307.50.

Taseko Mines Stock Performance

The firm’s 50-day moving average price is GBX 287.49 and its 200 day moving average price is GBX 235.68. The company has a market cap of £1.22 billion, a price-to-earnings ratio of -33.80 and a beta of 1.92.

Insider Activity at Taseko Mines

In other news, insider Russell Hallbauer sold 10,000 shares of Taseko Mines stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of GBX 493, for a total transaction of £49,300. 2.58% of the stock is currently owned by corporate insiders.

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.