Taseko Mines (LON:TKO) Reaches New 52-Week High at $201.00

Taseko Mines Limited (LON:TKO)’s stock price reached a new 52-week high on Monday . The company traded as high as GBX 201 ($2.50) and last traded at GBX 194 ($2.42), with a volume of 6500 shares changing hands. The stock had previously closed at GBX 199.75 ($2.49).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group boosted their price objective on shares of Taseko Mines from GBX 220 ($2.74) to GBX 235 ($2.93) and gave the company a “buy” rating in a research report on Monday, March 25th.

Taseko Mines Price Performance

The business’s 50-day moving average price is GBX 142.88 and its two-hundred day moving average price is GBX 116.10. The firm has a market cap of £556.80 million, a price-to-earnings ratio of 9,525.00 and a beta of 2.09.

Insider Buying and Selling

In related news, insider Robert Dickinson sold 500,000 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of GBX 336 ($4.18), for a total transaction of £1,680,000 ($2,091,373.09). In related news, insider Robert Dickinson sold 500,000 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of GBX 336 ($4.18), for a total transaction of £1,680,000 ($2,091,373.09). Also, insider Anu Dhir purchased 14,000 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were bought at an average cost of GBX 353 ($4.39) per share, with a total value of £49,420 ($61,521.22). 3.23% of the stock is currently owned by company insiders.

About Taseko Mines

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. It explores for copper, molybdenum, gold, niobium, and silver deposits. The company's principal asset comprises 100% interest owned the Gibraltar mine located in British Columbia. It also holds interest in the Yellowhead copper project, the Aley niobium project, and the New Prosperity gold and copper project located in British Columbia; and the Florence copper project located in Arizona.