Taseko Mines Ltd. (TGB) Is Now En Route to Higher Prices

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 $2.52 in the last trading session, with the day’s loss setting it -0.07%.

Currently trading at $2.45, the stock is -0.28% and 9.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.76 million and changing -2.78% at the moment leaves the stock 14.98% off its SMA200. TGB registered 113.04% gain for a year compared to 6-month loss of 0.41%. The firm has a 50-day simple moving average (SMA 50) of $2.2432 and a 200-day simple moving average (SMA200) of $2.13075.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The stock witnessed a 17.22% gain in the last 1 month and extending the period to 3 months gives it a 2.51%, and is -7.55% 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 3.60% over the week and 3.86% over the month.

Taseko Mines Ltd. (TGB) has around 797 employees, a market worth around $718.71M and $427.37M in sales. Current P/E ratio is 12.69 and Fwd P/E is 9.93. Profit margin for the company is 13.14%. 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 (6.48%).

with sales reaching $115.38M over the same period.The EPS is expected to grow by 69.58% this year, but quarterly earnings will post 17.20% year-over-year.

Taseko Mines Ltd. (TGB) Top Institutional Holders

174.0 institutions hold shares in Taseko Mines Ltd. (TGB), with institutional investors hold 32.46% of the company’s shares. The shares outstanding are 290.00M, and float is at 286.66M with Short Float at 0.70%. Institutions hold 31.62% 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.