Taseko Mines (TSE:TKO) Hits New 52-Week High – Here’s Why

Taseko Mines Ltd. (TSE:TKO)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as C$12.47 and last traded at C$11.50, with a volume of 481813 shares trading hands. The stock had previously closed at C$12.02.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. TD Securities lifted their price objective on shares of Taseko Mines from C$6.50 to C$12.00 in a research report on Thursday, January 22nd. National Bankshares upped their price objective on Taseko Mines from C$8.50 to C$13.50 in a research report on Thursday, January 29th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$10.25.

Taseko Mines Trading Down 5.2%

The stock has a market cap of C$4.11 billion, a PE ratio of -60.00 and a beta of 2.15. The business has a 50 day moving average of C$8.50 and a 200-day moving average of C$6.41.

Taseko Mines (TSE:TKO) last announced its earnings results on Thursday, November 13th. The company reported C$0.02 earnings per share (EPS) for the quarter. The business had revenue of C$173.91 million for the quarter. Taseko Mines had a net margin of 12.69% and a return on equity of 16.33%. Research analysts expect that Taseko Mines Ltd. will post 0.2801932 EPS for the current fiscal year.

About Taseko Mines

Taseko Mines Ltd is a Canadian mining company. It is principally engaged in the production and sale of metals, as well as related activities, including exploration and mine development, within the province of British Columbia, Canada, and the State of Arizona, the United States. The Gibraltar, Aley, New Prosperity, and Harmony properties are located in British Columbia whereas Florence copper is in central Arizona.