With 304.45M Outstanding Shares, Can Taseko Mines Ltd (AMEX: TGB) Deliver Big Short-Term Gains?

Taseko Mines Ltd (AMEX:TGB) currently has a daily average trading volume of 3.81M but it saw 2201626 shares traded in last market. With a market cap of 885.96M USD, the company’s current market price of $2.08 remained unchanged while comparing to the previous closing price of $2.08. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.15 and as low as $1.14. In the recent trading on the day, stock has struck highest price mark of $2.07 while lowest mark touched by it was $2.12.

Taking a look at 20-day trading activity of Taseko Mines Ltd (TGB) gives us an average price of $2.22, while its current price level is -33.97% below from 52-week high level whereas it is 81.66% 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 $2.33 while that of 200 days or SMA-200 reads an average of $2.25. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.06% during that period while stretching the period over a month that increases to 5.43%. 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 42.32 which implies that the stock is in neutral territory.

Over the week, TGB’s stock price is moving 1.96% up while it is -11.11% when we observe its performance for the past one month. Year-to-date it is 48.57% up and over the past year, the stock is showing an upside performance of 69.11%.

Currently, Taseko Mines Ltd’s total number of outstanding shares is 304.45M. Company’s return on investment (ROI) stands at 6.26% and return on equity (ROE) at 17.47%. It has a price to earnings ratio (P/E ratio) of 10.92 while having a 11.07 of forward P/E ratio. Stock’s beta reads 1.75. Stock has a price to book (P/B) ratio of 1.75 while price to sale or P/S ratio amounts to 2.04. Its return on asset (ROA) is 4.27% on average.