Taseko Mines (LON:TKO) Sets New 12-Month High – Here’s Why

Taseko Mines Limited (LON:TKO) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 460 and last traded at GBX 460, with a volume of 6978 shares traded. The stock had previously closed at GBX 449.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group upped their price objective on Taseko Mines from GBX 330 to GBX 390 and gave the company a “buy” rating in a research note on Friday, November 14th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Taseko Mines has an average rating of “Buy” and an average price target of GBX 390.

Taseko Mines Price Performance

The firm has a market capitalization of £1.82 billion, a P/E ratio of -26.63 and a beta of 1.92. The company has a fifty day moving average of GBX 390.21 and a 200 day moving average of GBX 311.06.

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.