Taseko Mines (TSE:TKO) Reaches New 52-Week High Following Analyst Upgrade

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

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

Taseko Mines Trading Up 1.8%

The stock has a market capitalization of C$4.12 billion, a P/E ratio of -60.11 and a beta of 2.02. The business has a 50-day moving average price of C$8.11 and a two-hundred day moving average price of C$6.21.

Taseko Mines (TSE:TKO) last posted its quarterly earnings results on Thursday, November 13th. The company reported C$0.02 EPS for the quarter. The business had revenue of C$173.91 million during the quarter. Taseko Mines had a return on equity of 16.33% and a net margin of 12.69%. On average, sell-side 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.