Taseko Mines Ltd (AMEX:TGB) price on current trading day, remained unchanged to $2.45.
A look at the stock’s price movement, the level at last check in today’s session was $2.45, moving within a range at $2.37 and $2.47. The beta value (5-Year monthly) was 1.701. Turning to its 52-week performance, $3.15 and $1.77 were the 52-week high and 52-week low respectively. Overall, TGB moved 18.94% over the past month.
Taseko Mines Ltd’s market cap currently stands at around $760.88 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-19.
Analysts have a consensus estimate of 141.07M for the company’s revenue for the quarter, with a low and high estimate of 129.9M and 154M respectively. The average forecast suggests down to a -4.00% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 742.28M, representing a 22.07% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TGB is a 50% Buy. On the other hand, the stock is on average a 25% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 3 recommend TGB as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
TGB’s current price about 12.26% and 17.18% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 64.22, while 7-day volatility ratio is 4.93% and 5.98% in the 30-day chart. Further, Taseko Mines Ltd (TGB) has a beta value of 1.45, and an average true range (ATR) of 0.12. Analysts have given the company’s stock an average 52-week price target of $3.75, forecast between a low of $3.75 and high of $3.75. Looking at the price targets, the low is -53.06% off recent price level in today’s trading while to achieve the yearly target high, it has to move -53.06%. Nonetheless, investors will most likely welcome a -53.06% jump to $3.75 which is the analysts’ median price.
If we refocus on Taseko Mines Ltd (AMEX:TGB), historical trading data shows that trading volumes averaged 17.0 over the past 10 days and 7.08 million over the past 3 months. The company’s latest data on shares outstanding shows there are 304.68 million shares.
The 2.27% of Taseko Mines Ltd’s shares are in the hands of company insiders while institutional holders own 26.42% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.63 million on 2025-02-28, giving us a short ratio of 0.58. Current price change has pushed the stock 26.29% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TGB stock continues to rise going into the next quarter.
