Taseko Mines (LON:TKO) Hits New 1-Year High - Here's What Happened

Taseko Mines Limited (LON:TKO - Get Free Report)'s stock price hit a new 52-week high on Friday . The company traded as high as GBX 226 ($3.07) and last traded at GBX 226 ($3.07), with a volume of 18412 shares traded. The stock had previously closed at GBX 187.50 ($2.55).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a "buy" rating and set a GBX 170 ($2.31) price objective on shares of Taseko Mines in a research report on Friday, May 2nd.

Taseko Mines Trading Up 20.5%

The company has a market cap of £1.22 billion, a price-to-earnings ratio of 14.65 and a beta of 1.92. The company's 50 day moving average price is GBX 157.51 and its 200 day moving average price is GBX 163.72.

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.

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