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

Shares of Taseko Mines Ltd. (TSE:TKO) reached a new 52-week high during trading on Monday . The stock traded as high as C$8.22 and last traded at C$8.17, with a volume of 506765 shares changing hands. The stock had previously closed at C$7.67.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. TD Securities raised Taseko Mines from a “hold” rating to a “buy” rating and raised their price target for the stock from C$5.00 to C$6.50 in a research report on Thursday, October 23rd. National Bankshares increased their price objective on Taseko Mines from C$7.25 to C$8.50 and gave the company an “outperform” rating in a research note on Thursday, December 11th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$6.75.

Taseko Mines Stock Up 8.3%

The company has a 50 day moving average of C$6.89 and a 200 day moving average of C$5.56. The stock has a market capitalization of C$3.00 billion, a price-to-earnings ratio of -43.74 and a beta of 2.02.

Taseko Mines (TSE:TKO) last announced its quarterly earnings data on Thursday, November 13th. The company reported C$0.02 earnings per share for the quarter. The business had revenue of C$173.91 million for the quarter. Taseko Mines had a net margin of 12.69% and a return on equity of 16.33%. On average, research analysts forecast that Taseko Mines Ltd. will post 0.2801932 earnings per share for the current fiscal year.

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.