Taseko Mines Ltd. (AMEX: TGB) is 38.57% higher on its value in year-to-date trading and has touched a low of $1.05 and a high of $1.96 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 $1.91 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $1.94, the stock is 19.75% and 30.11% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.39 million and changing 1.57% at the moment leaves the stock 42.35% off its SMA200. TGB registered 31.08% gain for a year compared to 6-month gain of 27.63%. The firm has a 50-day simple moving average (SMA 50) of $2.17 and a 200-day simple moving average (SMA200) of $8.19.
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The stock witnessed a 27.63% gain in the last 1 month and extending the period to 3 months gives it a 43.70%, and is 7.78% 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 5.68% over the week and 4.68% over the month.
Current P/E ratio is 9.27 and Fwd P/E is 10.24. Profit margin for the company is 15.65%. Distance from 52-week low is 84.76% and -1.02% from its 52-week high. The company has generated returns on investments over the last 12 months (7.69%).
Taseko Mines Ltd. quarterly earnings per share for the current quarter are estimated at $0.03 with sales reaching $92.08M over the same period.The EPS is expected to shrink by -0.21% this year, but quarterly earnings will post -2.20% year-over-year. Quarterly sales are estimated to grow 4.90% in year-over-year returns.
Taseko Mines Ltd. (TGB) Top Institutional Holders
130 institutions hold shares in Taseko Mines Ltd. (TGB), with institutional investors hold 20.83% of the company’s shares. The shares outstanding are 290.00M, and float is at 281.55M with Short Float at 1.79%. Institutions hold 20.11% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 8.09 million shares valued at $11.57 million. The investor’s holdings represent 2.80% of the TGB Shares outstanding. As of Jun 29, 2023, the second largest holder is Connor Clark & Lunn Investment Management Ltd with 6.3 million shares valued at $9.01 million to account for 2.18% of the shares outstanding. The other top investors are Diamond Hill Capital Management Inc which holds 5.86 million shares representing 2.03% and valued at over $8.38 million, while Mirae Asset Global Investments Co., Ltd. holds 2.02% of the shares totaling 5.83 million with a market value of $8.34 million.
