Taseko Mines Ltd (AMEX: TGB) is 57.73% higher on its value in year-to-date trading and has touched a low of $1.67 and a high of $2.69 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 $2.60 in the last trading session, with the day’s gains setting it 0.46%.
Currently trading at $3.06, the stock is 37.74% and 42.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 47.31 million and changing 17.69% at the moment leaves the stock 41.48% off its SMA200. TGB registered 26.45% gain for a year compared to 6-month loss of 49.27%. The firm has a 50-day simple moving average (SMA 50) of $2.1478 and a 200-day simple moving average (SMA200) of $2.1629.
The stock witnessed a 58.55% gain in the last 1 month and extending the period to 3 months gives it a 46.41%, and is 37.22% 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 7.32% over the week and 4.24% over the month.
Fwd P/E is 9.83. Profit margin for the company is -10.03%. Distance from 52-week low is 83.23% and 13.75% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.91%).
The EPS is expected to grow by 0.07% this year.
Taseko Mines Ltd (TGB) Top Institutional Holders
183.0 institutions hold shares in Taseko Mines Ltd (TGB), with institutional investors hold 33.66% of the company’s shares. The shares outstanding are 315.88M, and float is at 307.57M with Short Float at 2.32%. Institutions hold 32.88% 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.
