Taseko Mines Ltd (AMEX: TGB) Now -29.52% Off Its High ($3.15), Does Analysts See Headwinds And Risks?

Taseko Mines Ltd (AMEX:TGB) currently has a daily average trading volume of 8.55M but it saw 12826945 shares traded in last market. With a market cap of 701.25M USD, the company’s current market price of $2.22 came falling about -3.06 while comparing to the previous closing price of $2.29. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.15 and as low as $1.77. In the recent trading on the day, stock has struck highest price mark of $2.2 while lowest mark touched by it was $2.29.

Taking a look at 20-day trading activity of Taseko Mines Ltd (TGB) gives us an average price of $2.30, while its current price level is -29.52% below from 52-week high level whereas it is 25.42% 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 $2.15 while that of 200 days or SMA-200 reads an average of $2.20. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.91% during that period while stretching the period over a month that decreases to 4.89%. 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 47.50 which implies that the stock is in neutral territory.

Over the week, TGB’s stock price is moving -9.02% down while it is 9.36% when we observe its performance for the past one month. Year-to-date it is 14.43% up and over the past year, the stock is showing an upside performance of 1.37%.

The company is expected to be releasing its next quarterly report on 2025-Feb-19, for which analysts forecasted an EPS of -0.01 while estimate for next year EPS is 0.23. In next quarter, company is expected to be making quarterly sales of $160.9M as analysts are expecting the sales for current fiscal year at $742.28M and seeing the company making $944.25M in sales next year. Moreover, analysts are in estimates of $141.07M for current-quarter revenue.

Currently, Taseko Mines Ltd’s total number of outstanding shares is 315.88M with 2.56% of that held by the insiders while 28.28% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -1.05% and return on equity (ROE) at -2.74%. It has a 7.47 of forward P/E ratio. Stock’s beta reads 1.41. Stock has a price to book (P/B) ratio of 1.93 while price to sale or P/S ratio amounts to 1.59. Its return on asset (ROA) is -0.68% on average.