Taseko Mines Ltd (TGB) Stock Could Soon Reward Patient Investors

Taseko Mines Ltd (AMEX: TGB) is 6.70% higher on its value in year-to-date trading and has touched a low of $1.67 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 $2.10 in the last trading session, with the day’s loss setting it -0.03%.

Currently trading at $2.07, the stock is -2.45% and -4.04% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.11 million and changing -1.43% at the moment leaves the stock -3.71% off its SMA200. TGB registered -19.46% loss for a year compared to 6-month loss of -19.14%.

The stock witnessed a 4.55% gain in the last 1 month and extending the period to 3 months gives it a -1.90%, and is 2.48% 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 4.36% over the week and 5.03% over the month.

Fwd P/E is 6.76. Profit margin for the company is -10.03%. Distance from 52-week low is 23.95% and -34.29% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.91%).

The EPS is expected to shrink by -6.64% this year.

Taseko Mines Ltd (TGB) Top Institutional Holders

The shares outstanding are 315.88M, and float is at 307.57M with Short Float at 1.68%.

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.