Taseko Mines (TSE:TKO) Reaches New 12-Month High on Analyst Upgrade

Taseko Mines Ltd. (TSE:TKO)’s share price reached a new 52-week high during mid-day trading 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 trading hands. The stock had previously closed at C$9.80.

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

Taseko Mines Stock Performance

The business’s fifty day moving average is C$7.73 and its two-hundred day moving average is C$6.03. The company has a market cap of C$3.58 billion, a P/E ratio of -52.21 and a beta of 2.02.

Taseko Mines (TSE:TKO) last issued its 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 for the quarter. Taseko Mines had a net margin of 12.69% and a return on equity of 16.33%. Analysts expect that Taseko Mines Ltd. will post 0.2801932 EPS 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.