Taseko Mines (LON:TKO) Stock Price Down 1.5% – Here’s What Happened

Taseko Mines Limited (LON:TKO) dropped 1.5% during mid-day trading on Friday . The stock traded as low as GBX 162.50 ($2.07) and last traded at GBX 162.50 ($2.07). Approximately 9,594 shares changed hands during trading, an increase of 52% from the average daily volume of 6,332 shares. The stock had previously closed at GBX 165 ($2.10).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 275 ($3.50) price objective on shares of Taseko Mines in a report on Thursday, November 7th.

Taseko Mines Price Performance

The stock has a market cap of £476.69 million, a PE ratio of 1,625.00 and a beta of 1.92. The business has a 50 day moving average price of GBX 178.96 and a two-hundred day moving average price of GBX 182.23.

Taseko Mines Company Profile

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 100% 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.