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Taseko Mines Ltd. (TGB) Stock Could Soon Reward Patient Investors

Taseko Mines Ltd. (AMEX: TGB) is 75.00% higher on its value in year-to-date trading and has touched a low of $1.05 and a high of $3.15 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 $2.37 in the last trading session, with the day’s gains setting it 0.08%.

Currently trading at $2.45, the stock is -10.01% and -3.98% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.17 million and changing 3.38% at the moment leaves the stock 46.20% off its SMA200. TGB registered 72.54% gain for a year compared to 6-month gain of 107.63%.

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The stock witnessed a -4.67% loss in the last 1 month and extending the period to 3 months gives it a 36.11%, and is -2.78% down 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 4.20% over the week and 4.80% over the month.

Taseko Mines Ltd. (TGB) has around 797 employees, a market worth around $714.18M and $413.62M in sales. Current P/E ratio is 9.96 and Fwd P/E is 10.95. Profit margin for the company is 17.31%. Distance from 52-week low is 133.33% and -22.22% from its 52-week high. The company has generated returns on investments over the last 12 months (8.91%).

with sales reaching $100.44M over the same period.The EPS is expected to grow by 41.25% this year, but quarterly earnings will post 18.90% year-over-year.

Taseko Mines Ltd. (TGB) Top Institutional Holders

The shares outstanding are 290.00M, and float is at 285.38M with Short Float at 0.64%.

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