Taseko Mines (LON:TKO) Hits New 12-Month High – Time to Buy?

Shares of Taseko Mines Limited (LON:TKO) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 419.90 and last traded at GBX 415, with a volume of 12408 shares traded. The stock had previously closed at GBX 407.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group boosted their price target 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 analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Taseko Mines presently has an average rating of “Buy” and a consensus price target of GBX 390.

Taseko Mines Trading Up 2.0%

The firm has a 50-day simple moving average of GBX 348.02 and a two-hundred day simple moving average of GBX 284.61. The company has a market capitalization of £1.50 billion, a price-to-earnings ratio of -21.84 and a beta of 1.92.

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.