Taseko Mines (LON:TKO) Reaches New 1-Year High - Should You Buy?

Taseko Mines Limited (LON:TKO - Get Free Report)'s share price hit a new 52-week high on Tuesday . The company traded as high as GBX 249.50 ($3.40) and last traded at GBX 246.20 ($3.35), with a volume of 11424 shares trading hands. The stock had previously closed at GBX 247 ($3.36).

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a "buy" rating and issued a GBX 290 ($3.95) target price on shares of Taseko Mines in a research report on Monday, June 9th.

Taseko Mines Price Performance

The stock has a market cap of £1.26 billion, a price-to-earnings ratio of 15.10 and a beta of 1.92. The business's 50-day simple moving average is GBX 185.34 and its two-hundred day simple moving average is GBX 172.35.

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.