Taseko Mines Limited (AMEX: TGB) is -32.68% lower on its value in year-to-date trading and has touched a low of $0.89 and a high of $2.41 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TGB stock was last observed hovering at around $1.35 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $1.38, the stock is 11.70% and 16.42% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.99 million and changing 2.22% at the moment leaves the stock -6.52% off its SMA200. TGB registered -34.60% loss for a year compared to 6-month loss of -13.75%.
The stock witnessed a 23.21% gain in the last 1 month and extending the period to 3 months gives it a 16.95%, and is 4.55% 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 5.80% over the week and 6.82% over the month.
Taseko Mines Limited (TGB) has around 207 employees, a market worth around $411.92M and $295.60M in sales. Fwd P/E is 76.67. Profit margin for the company is -3.00%. Distance from 52-week low is 55.06% and -42.72% from its 52-week high. The company has generated returns on investments over the last 12 months (9.30%).
Taseko Mines Limited (TGB) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Taseko Mines Limited (TGB) is a “Buy”. 9 analysts offering their recommendations for the stock have an average rating of 2.20, where 2 rate it as a Hold and 0 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
The EPS is expected to grow by 235.10% this year
Taseko Mines Limited (TGB) Top Institutional Holders
The shares outstanding are 286.38M, and float is at 277.06M with Short Float at 1.44%.
Taseko Mines Limited (TGB) Insider Activity
A total of 8 insider transactions have happened at Taseko Mines Limited (TGB) in the last six months, with sales accounting for 0 and purchases happening 8 times.
Taseko Mines Limited (TGB): Who are the competitors?
The company’s main competitors (and peers) include Hudbay Minerals Inc. (HBM) that is trading -21.41% down over the past 12 months and Western Copper and Gold Corporation (WRN) that is 8.97% higher over the same period.