Taseko Mines (LON:TKO) Trading Up 12.5% - Still a Buy?

Shares of Taseko Mines Limited (LON:TKO - Get Free Report) traded up 12.5% on Friday . The stock traded as high as GBX 180 ($2.20) and last traded at GBX 180 ($2.20). 10,167 shares traded hands during mid-day trading, an increase of 221% from the average session volume of 3,172 shares. The stock had previously closed at GBX 160 ($1.95).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a "buy" rating and set a GBX 275 ($3.36) target price on shares of Taseko Mines in a research report on Thursday, November 7th.

Taseko Mines Stock Performance

The company has a market cap of £513.36 million, a price-to-earnings ratio of 1,750.00 and a beta of 1.92. The company's 50 day moving average price is GBX 165.97 and its 200 day moving average price is GBX 172.83.

Taseko Mines Company Profile

Taseko Mines is a dynamic and growing mining company focused on the operation and development of copper mines in North America. Headquartered in Vancouver, Taseko operates the state-of-the-art Gibraltar Mine (100% owned), the second largest copper mine in Canada, with a nearly 700-person workforce producing an average of 140 million pounds of copper and 2.5 million pounds of molybdenum per year. In addition to the Yellowhead copper project and the Aley niobium project, Taseko is also advancing the Florence Copper project in Arizona – a near-term copper producer with an unparalleled energy, water and GHG profile per unit of production.