Taseko Mines (LON:TKO) Stock Price Down 1.7% – Should You Sell?

Taseko Mines Limited (LON:TKO) was down 1.7% during trading on Thursday . The stock traded as low as GBX 563 and last traded at GBX 580. Approximately 15,033 shares traded hands during mid-day trading, an increase of 50% from the average daily volume of 10,039 shares. The stock had previously closed at GBX 590.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group upped their target price on shares of Taseko Mines from GBX 330 to GBX 390 and gave the stock a “buy” rating in a report on Friday, November 14th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Taseko Mines presently has an average rating of “Buy” and an average price target of GBX 390.

Taseko Mines Stock Down 1.6%

The company’s 50-day moving average is GBX 506.51 and its 200-day moving average is GBX 370.29. The stock has a market capitalization of £2.06 billion, a price-to-earnings ratio of -30.05 and a beta of 1.92.

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.