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 3.83M but it saw 1784989 shares traded in last market. With a market cap of 608.90M USD, the company’s current market price of $2.00 came rising about 1.01 while comparing to the previous closing price of $1.98. 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 $2.0 while lowest mark touched by it was $2.0675.

Taking a look at 20-day trading activity of Taseko Mines Ltd (TGB) gives us an average price of $2.15, while its current price level is -36.51% below from 52-week high level whereas it is 74.67% 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 $2.32 while that of 200 days or SMA-200 reads an average of $2.26. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.88% 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 39.17 which implies that the stock is in neutral territory.

Over the week, TGB’s stock price is moving -3.85% down while it is -15.61% when we observe its performance for the past one month. Year-to-date it is 42.86% up and over the past year, the stock is showing an upside performance of 62.60%.

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 10.50 while having a 10.63 of forward P/E ratio. Stock’s beta reads 1.71. Stock has a price to book (P/B) ratio of 1.68 while price to sale or P/S ratio amounts to 1.40. Its return on asset (ROA) is 4.27% on average.