The Week Ahead: Are Investors Really Too Optimistic About Taseko Mines Ltd. (AMEX: TGB)

Taseko Mines Ltd. (AMEX:TGB) currently has a daily average trading volume of 3.37M but it saw 1761391 shares traded in last market. With a market cap of 572.03M USD, the company’s current market price of $1.95 came rising about 3.17 while comparing to the previous closing price of $1.89. 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. In the recent trading on the day, stock has struck highest price mark of $1.885 while lowest mark touched by it was $1.965.

Taking a look at 20-day trading activity of Taseko Mines Ltd. (TGB) gives us an average price of $2.1605, while its current price level is -38.10% below from 52-week high level whereas it is 85.71% 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 $2.3684 while that of 200 days or SMA-200 reads an average of $1.8932. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.42% during that period while stretching the period over a month that decreases to 6.04%. 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 37.28 which implies that the stock is in neutral territory.

Over the week, TGB’s stock price is moving -7.58% down while it is -23.53% when we observe its performance for the past one month. Year-to-date it is 39.29% up and over the past year, the stock is showing an upside performance of 44.44%.

Currently, Taseko Mines Ltd.’s total number of outstanding shares is 290.00M. Company’s return on investment (ROI) stands at 6.48% and return on equity (ROE) at 18.35%. It has a price to earnings ratio (P/E ratio) of 10.10 while having a 8.44 of forward P/E ratio. Stock’s beta reads 1.77. Stock has a price to book (P/B) ratio of 1.69 while price to sale or P/S ratio amounts to 1.34. Its return on asset (ROA) is 4.46% on average.