Taseko Mines (TSE:TKO) Hits New 1-Year High – Still a Buy?

Taseko Mines Ltd. (TSE:TKO)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company 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

A number of equities analysts recently weighed in on TKO shares. 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 boosted their price target on shares of Taseko Mines from C$8.50 to C$13.50 in a research note on Thursday, January 29th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$10.25.

Taseko Mines Trading Down 5.2%

The firm has a 50 day moving average price of C$8.50 and a 200-day moving average price of C$6.41. The firm has a market cap of C$4.11 billion, a price-to-earnings ratio of -60.00 and a beta of 2.15.

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