Taseko Mines (TSE:TKO) Reaches New 1-Year High - Still a Buy?

Taseko Mines Ltd. (TSE:TKO - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$4.48 and last traded at C$4.46, with a volume of 188322 shares traded. The stock had previously closed at C$4.30.

Wall Street Analyst Weigh In

Separately, National Bankshares lifted their price objective on Taseko Mines from C$4.50 to C$5.25 and gave the company an "outperform" rating in a report on Tuesday, June 24th.

Taseko Mines Stock Performance

The company has a market cap of C$1.34 billion, a P/E ratio of 17.21 and a beta of 1.92. The stock's fifty day moving average price is C$3.47 and its two-hundred day moving average price is C$3.15.

Insiders Place Their Bets

In other news, Director Russell Edward Hallbauer sold 51,100 shares of Taseko Mines stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of C$4.60, for a total value of C$235,060.00. 2.58% of the stock is owned by insiders.

Taseko Mines Company Profile

Taseko Mines Ltd is a Canadian mining company. It is principally engaged in the production and sale of metals, as well as related activities, including exploration and mine development, within the province of British Columbia, Canada, and the State of Arizona, the United States. The Gibraltar, Aley, New Prosperity, and Harmony properties are located in British Columbia whereas Florence copper is in central Arizona.