Should Investors Trust The Upside Potential In Taseko Mines Ltd. (TGB)?

money audit

Taseko Mines Ltd. (AMEX:TGB) currently has a daily average trading volume of 3.37M but it saw 3107562 shares traded in last market. With a market cap of 615.06M USD, the company’s current market price of $2.11 came falling about -3.65 while comparing to the previous closing price of $2.19. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.15 and as low as $1.05.

Taking a look at 20-day trading activity of Taseko Mines Ltd. (TGB) gives us an average price of $2.31, while its current price level is -33.02% below from 52-week high level whereas it is 100.95% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.46 while that of 200 days or SMA-200 reads an average of $1.87. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.15% during that period while stretching the period over a month that decreases to 5.26%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 38.45 which implies that the stock is in neutral territory.

Over the week, TGB’s stock price is moving -1.86% down while it is -13.88% when we observe its performance for the past one month. Year-to-date it is 50.71% up and over the past year, the stock is showing an upside performance of 46.53%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.01 beaten by the consensus estimate of 0.01 for the same. In next quarter, company is expected to be making quarterly sales of $121.14M as analysts are expecting the sales for current fiscal year at $449.92M and seeing the company making $510.62M in sales next year. Moreover, analysts are in estimates of $93.94M for current-quarter revenue.

Currently, Taseko Mines Ltd.’s total number of outstanding shares is 290.00M with 2.56% of that held by the insiders while 22.20% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 8.91% and return on equity (ROE) at 23.48%. It has a price to earnings ratio (P/E ratio) of 8.58 while having a 8.95 of forward P/E ratio. Stock’s beta reads 1.75. Stock has a price to book (P/B) ratio of 1.78 while price to sale or P/S ratio amounts to 1.49. Its return on asset (ROA) is 6.00% on average.