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

Shares of Taseko Mines Ltd. (TSE:TKO - Get Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as C$4.05 and last traded at C$4.01, with a volume of 718365 shares trading hands. The stock had previously closed at C$3.56.

Analyst Upgrades and Downgrades

Separately, National Bankshares lifted their target price on Taseko Mines from C$4.25 to C$4.50 and gave the company an "outperform" rating in a research note on Wednesday, April 2nd.

Taseko Mines Stock Performance

The firm has a fifty day simple moving average of C$2.95 and a two-hundred day simple moving average of C$2.98. The firm has a market cap of C$1.27 billion, a PE ratio of 16.39 and a beta of 1.92.

Insider Transactions at Taseko Mines

In other news, Director Russell Edward Hallbauer sold 50,000 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of C$1.23, for a total value of C$61,500.00. Also, Director Kenneth William Pickering bought 15,000 shares of the stock in a transaction dated Friday, March 28th. The shares were bought at an average cost of C$3.25 per share, with a total value of C$48,750.00. Company insiders own 2.58% of the company's stock.

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.