Taseko Mines (LON:TKO) Hits New 12-Month High - Still a Buy?

Taseko Mines Limited (LON:TKO - Get Free Report)'s stock price hit a new 52-week high during trading on Friday . The company traded as high as GBX 226 ($3.06) and last traded at GBX 226 ($3.06), with a volume of 18412 shares changing hands. The stock had previously closed at GBX 187.50 ($2.54).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 290 ($3.93) price objective on shares of Taseko Mines in a research report on Monday.

Taseko Mines Stock Performance

The stock's 50-day simple moving average is GBX 159.64 and its 200 day simple moving average is GBX 164.50. The company has a market capitalization of £1.19 billion, a PE ratio of 14.26 and a beta of 1.92.

Taseko Mines Company Profile

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.