Taseko Mines Ltd (AMEX:TGB) shares, rose in value on Friday, November 01, with the stock price up by 3.81% to the previous day’s close as strong demand from buyers drove the stock to $2.32.
Actively observing the price movement in the recent trading, the stock is buoying the session at $2.23, falling within a range of $2.17 and $2.32. The value of beta (5-year monthly) is 1.918 whereas the PE ratio is 11.99 over 12-month period. Referring to stock’s 52-week performance, its high was $3.15, and the low was $1.06. On the whole, TGB has fluctuated by -8.86% over the past month.
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With the market capitalization of Taseko Mines Ltd currently standing at about $941.01 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-01.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TGB’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 25% Sell while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of TGB currently trading nearly -3.33% and 0.37% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.98, while the 7-day volatility ratio is showing 4.07% which for the 30-day chart, stands at 3.83%. Furthermore, Taseko Mines Ltd (TGB)’s beta value is 1.77, and its average true range (ATR) is 0.10.
A comparison of Taseko Mines Ltd (TGB) with its peers suggests the former has fared considerably weaker in the market. TGB showed an intraday change of 3.81% in today’s session so far, and over the past year, it grew by 110.45%%.
Data on historical trading for Taseko Mines Ltd (AMEX:TGB) indicates that the trading volumes over the past 10 days have averaged 3.39 and over the past 3 months, they’ve averaged 3.05 million. According to company’s latest data on outstanding shares, there are 290.00 million shares outstanding.
Nearly 2.28% of Taseko Mines Ltd’s shares belong to company insiders and institutional investors own 27.56% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.67 million shares as on 2024-10-15, resulting in a short ratio of 0.48. The stock has risen by 65.36% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TGB stock heading into the next quarter.
