Taseko Mines (TSE:TKO) Reaches New 1-Year High - Time to Buy?

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

Wall Street Analyst Weigh In

Separately, National Bankshares raised their price target 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 Trading Down 2.5%

The stock's 50 day moving average price is C$3.34 and its two-hundred day moving average price is C$3.10. The firm has a market capitalization of C$1.28 billion, a price-to-earnings ratio of 16.47 and a beta of 1.92.

Insider Buying and Selling

In related news, Director Russell Edward Hallbauer sold 50,000 shares of Taseko Mines stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of C$4.20, for a total transaction of C$210,000.00. 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.