Taseko Mines (LON:TKO) Reaches New 1-Year High – Time to Buy?

Taseko Mines Limited (LON:TKO) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 610 and last traded at GBX 605, with a volume of 25426 shares. The stock had previously closed at GBX 535.20.

Analysts Set New Price Targets

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

Taseko Mines Stock Performance

The stock has a fifty day moving average price of GBX 417.51 and a 200-day moving average price of GBX 326.09. The firm has a market cap of £2.18 billion, a PE ratio of -31.84 and a beta of 1.92.

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.