Taseko Mines (LON:TKO) Sets New 52-Week High – Time to Buy?

Taseko Mines Limited (LON:TKO)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 399.70 and last traded at GBX 399.70, with a volume of 10827 shares changing hands. The stock had previously closed at GBX 385.

Wall Street Analyst Weigh In

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

Taseko Mines Stock Performance

The firm has a market capitalization of £1.44 billion, a P/E ratio of -39.97 and a beta of 1.92. The business has a fifty day moving average of GBX 324.91 and a 200-day moving average of GBX 261.29.

Insider Activity

In other news, insider Russell Hallbauer sold 10,000 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of GBX 493, for a total transaction of £49,300. Insiders own 2.58% of the company’s stock.

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.