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

Shares of Taseko Mines Ltd. (TSE:TKO) hit a new 52-week high on Thursday after TD Securities raised their price target on the stock from C$6.50 to C$12.00. The company traded as high as C$10.32 and last traded at C$10.25, with a volume of 1625846 shares. The stock had previously closed at C$9.80.

Separately, National Bankshares raised their price objective on shares of Taseko Mines from C$7.25 to C$8.50 and gave the stock an “outperform” rating in a research report on Thursday, December 11th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$8.58.

Taseko Mines Price Performance

The firm has a market capitalization of C$3.58 billion, a P/E ratio of -52.21 and a beta of 2.02. The stock has a fifty day moving average of C$7.65 and a 200 day moving average of C$6.00.

Taseko Mines (TSE:TKO) last announced its quarterly earnings data on Thursday, November 13th. The company reported C$0.02 EPS 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%. Equities analysts forecast that Taseko Mines Ltd. will post 0.2801932 EPS for the current fiscal year.

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.