Taseko Mines Ltd (AMEX: TGB) is -9.28% lower on its value in year-to-date trading and has touched a low of $1.74 and a high of $3.15 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TGB stock was last observed hovering at around $1.83 in the last trading session, with the day’s loss setting it -0.07%.
Currently trading at $1.76, the stock is -22.52% and -17.80% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.95 million and changing -3.83% at the moment leaves the stock -19.70% off its SMA200. TGB registered -23.48% loss for a year compared to 6-month loss of -30.71%. The firm has a 50-day simple moving average (SMA 50) of $2.1412 and a 200-day simple moving average (SMA200) of $2.19185.
The stock witnessed a -15.79% gain in the last 1 month and extending the period to 3 months gives it a -12.00%, and is -21.43% 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 8.00% over the week and 5.69% over the month.
Fwd P/E is 5.92. Profit margin for the company is -2.10%. Distance from 52-week low is 1.15% and -44.13% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.05%).
The EPS is expected to grow by 31.79% this year.
Taseko Mines Ltd (TGB) Top Institutional Holders
183.0 institutions hold shares in Taseko Mines Ltd (TGB), with institutional investors hold 29.03% of the company’s shares. The shares outstanding are 315.88M, and float is at 307.54M with Short Float at 1.10%. Institutions hold 28.28% 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 3.6552% 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
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