Taseko Mines Limited (AMEX:TGB) traded at $1.80 at close of the session on Monday, 01/23/23, made a downward move of -1.10% on its previous day’s price.
Looking at the stock we see that its previous close was $1.82 and the beta (5Y monthly) reads 2.18 with the day’s price range being $1.76 – $1.82. In terms of its 52-week price range, TGB has a high of $2.41 and a low of $0.89. The company’s stock has gained about 16.88% over that past 30 days.
Taseko Mines Limited has a market cap of $502.92 million and is expected to release its quarterly earnings report on Feb 20, 2023 – Feb 24, 2023. Estimates by analysts give the company expected earnings per share (EPS) of -$0.01, with the EPS growth for the year raised at -$0.01 for 2022 and -$0.01 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $64.94 million, with a low of $64.81 million and a high of $65.07 million. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $295.75 million, or -13.20% down from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the TGB stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Based on estimates by 9 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 2 have rated the Taseko Mines Limited (TGB) stock as a Hold, while 7 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 9.62% off its SMA20 and 24.17% from its 50-day simple moving average. The RSI (14) is pointing at 65.30 while the volatility over the past week is 5.61% and jumps to 6.13% over the past one month. The beta value is 2.02, while the average true range (ATR) is currently pointing at 0.10. The average price target for the stock over the next 12 months is $2.06, with the estimates having a low of $1.66 and a high of $2.86. These price ends are 7.78% and -58.89% off the current price level respectively, although investors could be excited at the prospect of a -3.89% if the TGB share price touches on the median price of $1.87.
Let’s briefly compare Taseko Mines Limited (TGB) stock to its peers. We find that current price change of -1.10% and -11.33% over the past 12 months for TGB competes that of Hudbay Minerals Inc. (HBM), which has seen its stock price fall -3.52% in the last trading session and was -28.18% over the last one year. Another of its peers Western Copper and Gold Corporation (WRN) has dropped -0.53% previous session, and was 12.73% up over the past year. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 1.19% and 0.76%, respectively, at close of the trading.
Coming back to Taseko Mines Limited (AMEX:TGB), we note that the average 3-month trading volume was 1.56 million, while that of the preceding 10-day period stands at 1.5 million. Current shares outstanding are 286.38 million.
The insiders hold 2.30% of the company’s shares while institutions hold 22.50%. The data shows that short shares as of Oct 13, 2022, stood at 5.17 million at a short ratio of 3.35. This represents a 1.80% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 4.13 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 22.45% up in year-to-date price movement.