Shares of Taseko Mines Ltd NPL (AMEX:TGB) have taken a tremendous swing upward. The stock is trading at $3.96 as of 3:20 p.m. ET, 20.5% above Thursday's closing price of $3.29. Volume is at 3.3 million, 2.3 times the daily average of 1.4 million.
NEW YORK ( TheStreet) -- Shares of Taseko Mines Ltd NPL (AMEX: TGB) have taken a tremendous swing upward. The stock is trading at $3.96 as of 3:20 p.m. ET, 20.5% above Thursday's closing price of $3.29. Volume is at 3.3 million, 2.3 times the daily average of 1.4 million. Taseko Mines Ltd NPL has a market cap of $644.6 million and is part of the basic materials sector and metals & mining industry. Shares are down 37.3% year to date as of the close of trading on Thursday. Taseko Mines Limited engages in the exploration, development, and operation of mineral properties in British Columbia, Canada. The company has a P/E ratio of 30, above the average metals & mining industry P/E ratio of 23.4 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Taseko Mines Ltd NPL as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full Taseko Mines Ltd NPL Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.