Taseko Mines (LON:TKO) Reaches New 1-Year High – Here’s What Happened

Shares of Taseko Mines Limited (LON:TKO) hit a new 52-week high on Monday . The company traded as high as GBX 460 and last traded at GBX 460, with a volume of 6978 shares changing hands. The stock had previously closed at GBX 449.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group boosted their target price on Taseko Mines from GBX 330 to GBX 390 and gave the stock a “buy” rating in a report on Friday, November 14th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 390.

Taseko Mines Trading Up 2.4%

The firm has a 50-day moving average of GBX 381.63 and a two-hundred day moving average of GBX 306.18. The firm has a market cap of £1.66 billion, a price-to-earnings ratio of -24.21 and a beta of 1.92.

About Taseko Mines

Taseko Mines is a dynamic and growing mining company focused on the operation and development of copper mines in North America.

Headquartered in Vancouver, Taseko operates the state-of-the-art Gibraltar Mine (100% owned), the second largest copper mine in Canada, with a nearly 700-person workforce producing an average of 140 million pounds of copper and 2.5 million pounds of molybdenum per year.

In addition to the Yellowhead copper project and the Aley niobium project, Taseko is also advancing the Florence Copper project in Arizona – a near-term copper producer with an unparalleled energy, water and GHG profile per unit of production.