Taseko Mines (LON:TKO) Sets New 12-Month High – Should You Buy?

Taseko Mines Limited (LON:TKO) reached a new 52-week high during trading on Monday . The company traded as high as GBX 419.90 and last traded at GBX 419.90, with a volume of 63 shares changing hands. The stock had previously closed at GBX 415.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group boosted 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 equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 390.

Taseko Mines Stock Up 1.2%

The company has a market cap of £1.51 billion, a price-to-earnings ratio of -22.10 and a beta of 1.92. The company has a fifty day simple moving average of GBX 356.41 and a two-hundred day simple moving average of GBX 290.13.

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.