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

Taseko Mines Limited (LON:TKO - Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as GBX 240 ($3.27) and last traded at GBX 233 ($3.18), with a volume of 10977 shares. The stock had previously closed at GBX 222 ($3.03).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a "buy" rating and set a GBX 290 ($3.96) price target on shares of Taseko Mines in a research note on Monday, June 9th.

Taseko Mines Price Performance

The firm has a market capitalization of £1.31 billion, a P/E ratio of 15.72 and a beta of 1.92. The stock's 50 day moving average is GBX 183.82 and its two-hundred day moving average is GBX 171.68.

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.