Taseko Mines (LON:TKO) Hits New 52-Week High - Time to Buy?

Shares of Taseko Mines Limited (LON:TKO - Get Free Report) hit a new 52-week high on Monday . The company traded as high as GBX 273.10 ($3.67) and last traded at GBX 273.10 ($3.67), with a volume of 2393 shares changing hands. The stock had previously closed at GBX 262.10 ($3.52).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 290 ($3.89) price target on shares of Taseko Mines in a research report on Monday, June 9th.

Taseko Mines Price Performance

The stock has a market capitalization of £1.35 billion, a price-to-earnings ratio of 16.14 and a beta of 1.92. The business's 50-day simple moving average is GBX 199.85 and its two-hundred day simple moving average is GBX 177.46.

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.