Taseko Mines Ltd (AMEX: TGB) is 6.70% higher on its value in year-to-date trading and has touched a low of $1.47 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 $2.08 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $2.07, the stock is -1.05% and 2.16% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.39 million and changing -0.48% at the moment leaves the stock -7.73% off its SMA200. TGB registered 39.86% gain for a year compared to 6-month loss of -4.17%.
The stock witnessed a 7.25% gain in the last 1 month and extending the period to 3 months gives it a 4.55%, and is -2.36% 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 6.69% over the week and 5.75% over the month.
Taseko Mines Ltd (TGB) has around 797 employees, a market worth around $642.84M and $441.63M in sales. Fwd P/E is 7.09. Profit margin for the company is -2.10%. Distance from 52-week low is 40.82% and -34.29% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.05%).
with sales reaching $141.07M over the same period.The EPS is expected to grow by 27.37% this year, but quarterly earnings will post 22.07% year-over-year. Quarterly sales are estimated to shrink -4.00% in year-over-year returns.
Taseko Mines Ltd (TGB) Top Institutional Holders
The shares outstanding are 304.68M, and float is at 303.36M with Short Float at 0.87%.
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 3.6552% 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 2.7427 of the shares outstanding. The other top investors are HILLSDALE INVESTMENT MANAGEMENT INC. which holds 7.2 million shares representing 2.6294% and valued at over $17.74 million, while CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. holds 2.5102 of the shares totaling 6.87 million with a market value of $16.93 million.
Taseko Mines Ltd (TGB) Insider Activity
A total of 0 insider transactions have happened at Taseko Mines Ltd (TGB) in the last six months, with sales accounting for 0 and purchases happening 0 times.
Taseko Mines Ltd (TGB): Who are the competitors?
The company’s main competitors (and peers) include Hudbay Minerals Inc. (HBM) that is trading 12.20% up over the past 12 months. Western Copper & Gold Corp. (WRN) that is -26.76% lower over the same period.
