Taseko Mines Ltd (AMEX:TGB) shares, rose in value on Wednesday, March 26, with the stock price down by -3.17% to the previous day’s close as strong demand from buyers drove the stock to $2.44.
Actively observing the price movement in the last trading, the stock closed the session at $2.52, falling within a range of $2.41 and $2.535. The value of beta (5-year monthly) was 1.701. Referring to stock’s 52-week performance, its high was $3.15, and the low was $1.77. On the whole, TGB has fluctuated by 17.87% over the past month.
With the market capitalization of Taseko Mines Ltd currently standing at about $757.74 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-19.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 742.28M, with a low estimate of 129.9M and a high estimate of 154M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 141.07M.
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 100% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of TGB currently trading nearly 8.57% and 15.08% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.45, while the 7-day volatility ratio is showing 4.22% which for the 30-day chart, stands at 5.34%. Furthermore, Taseko Mines Ltd (TGB)’s beta value is 1.47, and its average true range (ATR) is 0.12.
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 -3.17% in last session, and over the past year, it grew by 22.61%%.
Data on historical trading for Taseko Mines Ltd (AMEX:TGB) indicates that the trading volumes over the past 10 days have averaged 16.35 and over the past 3 months, they’ve averaged 7.75 million. According to company’s latest data on outstanding shares, there are 304.68 million shares outstanding.
Nearly 2.64% of Taseko Mines Ltd’s shares belong to company insiders and institutional investors own 26.42% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.39 million shares as on 2025-03-14, resulting in a short ratio of 0.24. The stock has risen by 25.77% 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.
