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Taseko Mines (TSE:TKO) Sets New 12-Month High - Time to Buy?

Taseko Mines logo with Basic Materials background

Taseko Mines Ltd. (TSE:TKO - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$4.29 and last traded at C$4.29, with a volume of 633365 shares traded. The stock had previously closed at C$4.02.

Analyst Ratings Changes

Separately, National Bankshares increased their target price on Taseko Mines from C$4.50 to C$5.25 and gave the company an "outperform" rating in a research note on Tuesday.

Check Out Our Latest Analysis on Taseko Mines

Taseko Mines Stock Up 7.5%

The stock has a market capitalization of C$1.31 billion, a P/E ratio of 16.90 and a beta of 1.92. The company has a 50 day moving average of C$3.28 and a 200-day moving average of C$3.08.

Insider Transactions at Taseko Mines

In other Taseko Mines news, Director Kenneth William Pickering bought 15,000 shares of the stock in a transaction that occurred on Friday, March 28th. The shares were purchased at an average cost of C$3.25 per share, for a total transaction of C$48,750.00. Insiders own 2.58% of the company's stock.

About Taseko Mines

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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