Taseko Mines Ltd (AMEX: TGB) is 47.14% higher on its value in year-to-date trading and has touched a low of $1.14 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 $2.00 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $2.06, the stock is -3.85% and -11.18% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing 3.00% at the moment leaves the stock -9.10% off its SMA200. TGB registered 66.13% gain for a year compared to 6-month loss of -25.36%. The firm has a 50-day simple moving average (SMA 50) of $2.3194 and a 200-day simple moving average (SMA200) of $2.26625.
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The stock witnessed a -11.21% gain in the last 1 month and extending the period to 3 months gives it a -8.85%, and is -1.44% 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 3.73% over the week and 5.38% over the month.
Taseko Mines Ltd (TGB) has around 797 employees, a market worth around $627.17M and $434.35M in sales. Current P/E ratio is 10.82 and Fwd P/E is 10.96. Profit margin for the company is 12.75%. Distance from 52-week low is 79.91% and -34.60% from its 52-week high. The company has generated returns on investments over the last 12 months (6.26%).
The EPS is expected to grow by 37.36% this year.
Taseko Mines Ltd (TGB) Top Institutional Holders
179.0 institutions hold shares in Taseko Mines Ltd (TGB), with institutional investors hold 31.56% of the company’s shares. The shares outstanding are 304.45M, and float is at 297.30M with Short Float at 0.56%. Institutions hold 30.76% 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.
Taseko Mines Ltd (TGB) Insider Activity
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