Taseko Mines (TSE:TKO) Reaches New 1-Year High on Analyst Upgrade

Taseko Mines Ltd. (TSE:TKO) hit a new 52-week high during trading on Thursday after National Bankshares raised their price target on the stock from C$8.50 to C$13.50. The company traded as high as C$12.15 and last traded at C$11.59, with a volume of 1249313 shares changing hands. The stock had previously closed at C$11.22.

Separately, TD Securities increased their target price on Taseko Mines from C$6.50 to C$12.00 in a report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating, According to MarketBeat, Taseko Mines presently has a consensus rating of “Buy” and a consensus price target of C$10.25.

Taseko Mines Price Performance

The stock has a market cap of C$3.73 billion, a P/E ratio of -54.47 and a beta of 2.02. The stock has a 50-day simple moving average of C$8.30 and a 200-day simple moving average of C$6.29.

Taseko Mines (TSE:TKO) last posted its earnings results on Thursday, November 13th. The company reported C$0.02 EPS for the quarter. The firm had revenue of C$173.91 million during the quarter. Taseko Mines had a net margin of 12.69% and a return on equity of 16.33%. As a group, sell-side analysts forecast that Taseko Mines Ltd. will post 0.2801932 earnings per share for the current 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.