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

Key Points

• Taseko Mines Limited achieved a new 52-week high stock price of GBX 300 ($4.00) during trading, last seen at GBX 282 ($3.76).
• Analysts have a consensus rating of "Buy" for Taseko, with a price target of GBX 307.50 and Canaccord Genuity setting a specific target of GBX 340.
• The company is significantly involved in the copper mining sector in North America, operating the Gibraltar Mine, which is the second largest copper mine in Canada.

Taseko Mines Limited (LON:TKO - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday . The company traded as high as GBX 300 ($4.00) and last traded at GBX 282 ($3.76), with a volume of 14822 shares changing hands. The stock had previously closed at GBX 295 ($3.94).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 340 price target on shares of Taseko Mines in a report on Thursday, August 7th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of GBX 307.50.

Taseko Mines Price Performance

The company's 50-day simple moving average is GBX 247.64 and its two-hundred day simple moving average is GBX 205.66. The firm has a market capitalization of £893.27 million, a P/E ratio of -2,820.00 and a beta of 1.92.

Insider Buying and Selling

In related news, insider Russell Hallbauer sold 10,000 shares of the firm's stock in a transaction on Friday, September 12th. The stock was sold at an average price of GBX 493, for a total value of £49,300. Corporate insiders own 2.58% of the company's stock.

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.

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