Ideas And Forecasts On Taseko Mines Ltd. (AMEX: TGB)

Taseko Mines Ltd. (AMEX:TGB) currently has a daily average trading volume of 2.91M but it saw 2276774 shares traded in last market. With a market cap of 765.64M USD, the company’s current market price of $2.61 came rising about 1.16 while comparing to the previous closing price of $2.58. 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 $2.59 while lowest mark touched by it was $2.67.

Taking a look at 20-day trading activity of Taseko Mines Ltd. (TGB) gives us an average price of $2.24, while its current price level is -17.14% below from 52-week high level whereas it is 148.57% 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 $2.18 while that of 200 days or SMA-200 reads an average of $2.09. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.72% during that period while stretching the period over a month that increases to 4.21%. 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 68.04 which implies that the stock is in neutral territory.

Over the week, TGB’s stock price is moving 7.85% up while it is 31.16% when we observe its performance for the past one month. Year-to-date it is 86.43% up and over the past year, the stock is showing an upside performance of 115.70%.

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 13.52 while having a 11.01 of forward P/E ratio. Stock’s beta reads 1.75. Stock has a price to book (P/B) ratio of 2.26 while price to sale or P/S ratio amounts to 1.79. Its return on asset (ROA) is 4.46% on average.