Taseko Mines (LON:TKO) Reaches New 1-Year High at $231.10

Taseko Mines Limited (LON:TKO) shares reached a new 52-week high during trading on Monday . The company traded as high as GBX 231.10 ($2.94) and last traded at GBX 231.10 ($2.94), with a volume of 508 shares. The stock had previously closed at GBX 230 ($2.92).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upped their target price on Taseko Mines from GBX 235 ($2.99) to GBX 275 ($3.50) and gave the company a “buy” rating in a report on Friday, April 26th.

Taseko Mines Price Performance

The company has a market cap of £678.08 million, a price-to-earnings ratio of 1,807.69 and a beta of 2.09. The business’s 50-day simple moving average is GBX 183.63 and its 200-day simple moving average is GBX 134.14.

Insider Buying and Selling

In related news, insider Anu Dhir acquired 14,000 shares of Taseko Mines stock in a transaction dated Monday, April 15th. The shares were acquired at an average cost of GBX 353 ($4.49) per share, for a total transaction of £49,420 ($62,811.39). In related news, insider Robert Dickinson sold 500,000 shares of the stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of GBX 336 ($4.27), for a total transaction of £1,680,000 ($2,135,231.32). Also, insider Anu Dhir purchased 14,000 shares of Taseko Mines stock in a transaction on Monday, April 15th. The shares were acquired at an average cost of GBX 353 ($4.49) per share, for a total transaction of £49,420 ($62,811.39). Insiders own 2.93% of the company’s stock.

Taseko Mines Company Profile

Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties. It explores for copper, molybdenum, gold, niobium, and silver deposits. The company's principal asset comprises 100% interest owned the Gibraltar mine located in British Columbia. It also holds interest in the Yellowhead copper project, the Aley niobium project, and the New Prosperity gold and copper project located in British Columbia; and the Florence copper project located in Arizona.