Taseko Mines (TSE:TKO) Sets New 12-Month High – Should You Buy?

Shares of Taseko Mines Ltd. (TSE:TKO) hit a new 52-week high during trading on Friday . The company traded as high as C$12.73 and last traded at C$12.72, with a volume of 173596 shares traded. The stock had previously closed at C$11.98.

Analyst Ratings Changes

A number of research firms have weighed in on TKO. National Bank Financial raised their price target on Taseko Mines from C$12.00 to C$13.00 and gave the company an “outperform” rating in a research note on Tuesday, July 14th. Jefferies Financial Group set a C$15.00 price objective on Taseko Mines and gave the stock a “buy” rating in a research report on Thursday. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$13.62.

Taseko Mines Trading Up 3.8%

The firm has a market capitalization of C$4.55 billion, a PE ratio of 414.33 and a beta of 1.86. The company has a fifty day moving average price of C$10.40 and a two-hundred day moving average price of C$10.15.

Taseko Mines (TSE:TKO) last released its quarterly earnings results on Thursday, August 6th. The company reported C$0.11 earnings per share (EPS) for the quarter. The firm had revenue of C$330.55 million for the quarter. Taseko Mines had a return on equity of 2.09% and a net margin of 1.60%. As a group, equities research analysts predict that Taseko Mines Ltd. will post 0.2801932 earnings per share for the current year.

Insider Activity

In other news, insider Brian Lee Bergot sold 82,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of C$11.34, for a total transaction of C$929,880.00. Following the transaction, the insider directly owned 211,811 shares in the company, valued at approximately C$2,401,936.74. This trade represents a 27.91% decrease in their ownership of the stock. Company insiders own 2.58% of the company’s stock.

About Taseko Mines

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.