Taseko Mines (LON:TKO) Hits New 52-Week High – Still a Buy?

Taseko Mines Limited (LON:TKO)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 665 and last traded at GBX 635, with a volume of 5876 shares. The stock had previously closed at GBX 616.66.

Analyst Ratings Changes

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

Taseko Mines Trading Up 3.0%

The stock has a market cap of £2.29 billion, a P/E ratio of -33.42 and a beta of 1.85. The business’s fifty day simple moving average is GBX 536.02 and its 200 day simple moving average is GBX 390.51.

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.