80 institutions hold shares in Taseko Mines Limited (TGB), with 11.17M shares held by insiders accounting for 3.95% while institutional investors hold 17.82% of the company’s shares. The shares outstanding are 283.12M, and float is at 271.96M with Short Float at 0.11%. Institutions hold 17.12% of the Float.
The top institutional shareholder in the company is Benefit Street Partners, LLC with over 12.54 million shares valued at $16.55 million. The investor’s holdings represent 4.43% of the TGB Shares outstanding. As of Dec 30, 2020, the second largest holder is Renaissance Technologies, LLC with 7.95 million shares valued at $10.49 million to account for 2.81% of the shares outstanding. The other top investors are Connor Clark & Lunn Investment Management Ltd which holds 6.05 million shares representing 2.14% and valued at over $7.98 million, while Acadian Asset Management holds 1.59% of the shares totaling 4.51 million with a market value of $5.95 million.
Taseko Mines Limited (AMEX: TGB) is 44.70% higher on its value in year-to-date trading and has touched a low of $0.25 and a high of $2.09 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TGB stock was last observed hovering at around $1.81 in the last trading session, with the day’s gains setting it 0.1% off its average median price target of $2.18 for the next 12 months. It is also 29.26% off the consensus price target high of $2.70 offered by 8 analysts, but current levels are -19.37% lower than the price target low of $1.60 for the same period.
Currently trading at $1.91, the stock is 10.92% and 18.66% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.27 million and changing 5.52% at the moment leaves the stock 71.77% off its SMA200. TGB registered 637.45% gain for a year compared to 6-month gain of 87.25%. The firm has a 50-day simple moving average (SMA 50) of $1.7433 and a 200-day simple moving average (SMA200) of $1.2937.
The stock witnessed a 23.23% loss in the last 1 month and extending the period to 3 months gives it a 44.70%, and is 11.05% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.79% over the week and 7.24% over the month.
Taseko Mines Limited (TGB) has around 191 employees, a market worth around $501.36M and $273.30M in sales. Fwd P/E is 27.29. Profit margin for the company is -6.90%. Distance from 52-week low is 664.00% and -8.61% from its 52-week high. The company has generated returns on investments over the last 12 months (2.20%).
Taseko Mines Limited (TGB) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Taseko Mines Limited (TGB) is a “Overweight”. 8 analysts offering their recommendations for the stock have an average rating of 3.00, where 3 rate it as a Hold and 0 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Taseko Mines Limited is expected to release its quarterly report on 08/11/2021 and quarterly earnings per share for the current quarter are estimated at $0.01 with sales reaching $57.77M over the same period.The EPS is expected to grow by 57.10% this year, but quarterly earnings will post 6.90% year-over-year. Quarterly sales are estimated to shrink -29.70% in year-over-year returns.
Taseko Mines Limited (TGB): Who are the competitors?
The company’s main competitors (and peers) include Hudbay Minerals Inc. (HBM) that is trading 300.53% up over the past 12 months and Western Copper and Gold Corporation (WRN) that is 224.27% higher over the same period. Short interest in the company’s stock has risen 5.31% from the last report on Feb 11, 2021 to stand at a total of 0.28 million short shares sold with a short interest ratio of 0.07.