Taseko Mines Ltd (AMEX: TGB) Emerges As Guiding Light For Investors

Taseko Mines Ltd (AMEX:TGB) currently has a daily average trading volume of 9.69M but it saw 18436661 shares traded in last market. With a market cap of 619.12M USD, the company’s current market price of $1.96 came rising about 15.29 while comparing to the previous closing price of $1.70. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.15 and as low as $1.67. In the recent trading on the day, stock has struck highest price mark of $1.71 while lowest mark touched by it was $2.02.

Taking a look at 20-day trading activity of Taseko Mines Ltd (TGB) gives us an average price of $2.2415, while its current price level is -37.78% below from 52-week high level whereas it is 17.37% 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 $2.1392 while that of 200 days or SMA-200 reads an average of $2.1846. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.53% during that period while stretching the period over a month that decreases to 6.53%. 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 42.91 which implies that the stock is in neutral territory.

Over the week, TGB’s stock price is moving -11.71% down while it is -4.85% when we observe its performance for the past one month. Year-to-date it is 1.03% up and over the past year, the stock is showing a downside performance of -20.00%.

The company is expected to be releasing its next quarterly report on 2025-Feb-19, for which analysts forecasted an EPS of -0.02 while estimate for next year EPS is 0.25. 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 $748.13M and seeing the company making $944.25M in sales next year. Moreover, analysts are in estimates of $134.61M 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 6.60 of forward P/E ratio. Stock’s beta reads 1.51. Stock has a price to book (P/B) ratio of 1.71 while price to sale or P/S ratio amounts to 1.40. Its return on asset (ROA) is -0.68% on average.