Taseko Mines Limited (TSE:TKO) shares have continued their recent momentum with a 33% gain in the last month alone. The last 30 days bring the annual gain to a very sharp 30%.
In spite of the firm bounce in price, Taseko Mines’ price-to-sales (or “P/S”) ratio of 1.5x might still make it look like a buy right now compared to the Metals and Mining industry in Canada, where around half of the companies have P/S ratios above 2.3x and even P/S above 14x are quite common. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s limited.
View our latest analysis for Taseko Mines
What Does Taseko Mines’ Recent Performance Look Like?
Recent times have been advantageous for Taseko Mines as its revenues have been rising faster than most other companies. It might be that many expect the strong revenue performance to degrade…
