Taseko Mines (LON:TKO) Hits New 1-Year High – Should You Buy?

Taseko Mines Limited (LON:TKO)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 390 and last traded at GBX 380.50, with a volume of 17609 shares traded. The stock had previously closed at GBX 357.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group boosted their price target on Taseko Mines from GBX 330 to GBX 390 and gave the company a “buy” rating in a research report on Friday, November 14th. One investment 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 Up 6.6%

The company has a market cap of £1.37 billion, a price-to-earnings ratio of -38.05 and a beta of 1.92. The company has a fifty day simple moving average of GBX 315.53 and a two-hundred day simple moving average of GBX 254.21.

Insider Activity at Taseko Mines

In other news, insider Russell Hallbauer sold 10,000 shares of the firm’s 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 owned by corporate insiders.

About Taseko Mines

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.