What should you know before buying stock in Taseko Mines Ltd. (TGB)

Taseko Mines Ltd. (AMEX: TGB) is 62.14% 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 $2.26 in the last trading session, with the day’s gains setting it 0.01%.

Currently trading at $2.27, the stock is 7.69% and 5.91% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.49 million and changing 0.44% at the moment leaves the stock 11.56% off its SMA200. TGB registered 71.97% gain for a year compared to 6-month gain of 14.07%.

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The stock witnessed a 2.71% loss in the last 1 month and extending the period to 3 months gives it a -13.36%, and is 7.08% 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 4.52% over the week and 4.50% over the month.

Taseko Mines Ltd. (TGB) has around 797 employees, a market worth around $665.90M and $427.37M in sales. Current P/E ratio is 11.76 and Fwd P/E is 9.94. Profit margin for the company is 13.14%. Distance from 52-week low is 116.19% and -27.94% from its 52-week high. The company has generated returns on investments over the last 12 months (6.48%).

The EPS is expected to grow by 81.84% this year.

Taseko Mines Ltd. (TGB) Top Institutional Holders

170.0 institutions hold shares in Taseko Mines Ltd. (TGB), with institutional investors hold 30.51% of the company’s shares. The shares outstanding are 290.00M, and float is at 286.66M with Short Float at 0.73%. Institutions hold 29.72% of the Float.

The top institutional shareholder in the company is MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. with over 10.01 million shares valued at $24.62 million. The investor’s holdings represent 3.4458% of the TGB Shares outstanding. As of 2024-06-30, the second largest holder is TOROSO INVESTMENTS, LLC with 7.51 million shares valued at $18.4 million to account for 2.5855 of the shares outstanding. The other top investors are HILLSDALE INVESTMENT MANAGEMENT INC. which holds 7.2 million shares representing 2.4788% and valued at over $17.74 million, while CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. holds 2.3664 of the shares totaling 6.87 million with a market value of $16.93 million.