The trading price of Taseko Mines Limited (AMEX:TGB) floating lower at last check on Monday, September 20, closing at $1.72, -8.29% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $1.83 and $1.94. The company’s P/E ratio in the trailing 12-month period was 71.92, while its 5Y monthly beta was 2.34. In examining the 52-week price action we see that the stock hit a 52-week high of $2.67 and a 52-week low of $0.78. Over the past month, the stock has gained 16.87% in value.
Taseko Mines Limited, whose market valuation is $544.00 million at the time of this writing, is expected to release its quarterly earnings report Oct 25, 2021 – Oct 29, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.01 per share this quarter, however they have predicted annual earnings per share of $0.19 for 2018 and $0.23 for 2019. It means analysts are expecting annual earnings per share growth of 35.70% this year and 21.10% next year.
Analysts have forecast the company to bring in revenue of $57.77 million for the current quarter, with the likely lows of $57.77 million and highs of $57.77 million. The average estimate suggests sales will likely down by -29.70% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2018 is $318.28 million. The company’s revenue is forecast to grow by 6.90% over what it did in 2018.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Taseko Mines Limited No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest TGB has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned TGB a recommendation rating is 8. Out of them, 2 rate it a Hold, while 6 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Taseko Mines Limited (TGB) as Underweight, while 0 advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that TGB’s price is currently -5.46% off the SMA20 and -3.77% off the SMA50. The RSI metric on the 14-day chart is currently showing 43.04, and weekly volatility stands at 5.29%. When measured over the past 30 days, the indicator reaches 5.20%. Taseko Mines Limited (AMEX:TGB)’s beta value is currently sitting at 2.48, while the Average True Range indicator is currently displaying 0.10. With analysts defining $2.20-$3.54 as the low and high price targets, we arrive at a consensus price target of $2.61 for the trailing 12-month period. The current price is about -27.91% off the estimated low and -105.81% off the forecast high, based on this estimate. Investors will be thrilled if TGB’s share price rises to $2.57, which is the median consensus price. At that level, TGB’s share price would be -49.42% below current price.
To see how Taseko Mines Limited stock has been performing today in comparison to its peers in the industry, here are the numbers: TGB stock’s performance was -8.29% at last check in today’s session, and 55.83% in the past year, while Hudbay Minerals Inc. (HBM) has been trading -5.45% in recent session and positioned 20.30% higher than it was a year ago. Another comparable company Western Copper and Gold Corporation (WRN) saw its stock trading -4.88% lower in today’s session but was up 15.49% in a year. Taseko Mines Limited has a P/E ratio of 71.92. Also during today’s trading, the S&P 500 Index has plunged -1.51%, while the Dow Jones Industrial also saw a negative session, down -1.43% today.
An evaluation of the daily trading volume of Taseko Mines Limited (AMEX:TGB) indicates that the 3-month average is 1.40 million.
Currently, records show that 283.45 million of the company’s shares remain outstanding. The insiders hold 2.30% of outstanding shares, whereas institutions hold 22.50%. THowever, since the stock’s price has seen 41.67% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.