Taseko Mines Limited (AMEX:TGB) finished Wednesday with an addition of $0.06 to close at $2.16, an upside of 2.86 percent. An average of 1,910,320 shares of common stock have been traded in the last five days. There was a gain of $0.26 in the past week. The last 20 days have seen an average of 1,738,360 shares traded, while the 50-day average volume stands at 1,481,668.
TGB stock has increased by 16.13% in the last month. The company shares reached their 1-month lowest point of $1.67 on 09/30/21. With the stock rallying to its 52-week high on 05/12/21, shares of the company touched a low of $0.78 and a high of $2.67 in 52 weeks. In spite of this, the price is down -19.10% from the 52-week high.
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Taseko Mines Limited (TGB) has a trailing price-to-earnings (P/E) ratio of 83.08, which compares with the 20.90 for the broader industry and 13.61 for the sector. In the last five years, Taseko Mines Limited’s PE ratio has ranged between 70.24 and 10.36. The stock’s beta is 2.40. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.11, the price-to-book (PB) ratio at 2.43, and the price-to-cash flow ratio at 10.44.
The quick ratio of Taseko Mines Limited for the three months ended June 29 was 2.70, and the current ratio was 3.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.61 and a total debt to equity ratio of 1.67 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 19.20% against a 5-year average of 7.1%. Taseko Mines Limited’s EBITDA margin for the year ending June 29 is 26.03%, while its operating margin for the same period stands at 6.80%. Its gross profit as reported stood at $88.85 million compared to revenue of $256.25 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Taseko Mines Limited’s return on assets was 0.90%, compared to -3.1% over the last five years. In the past year, the return on investment has been 2.20%, and the 5-year average is -1.2%. Meanwhile, the return on equity (ROE) for the past 12 months has been 2.90% and the 5-year average holds at -8.3%. For the broader industry, ROE averaged -13.62 over the past year.
The analyst consensus anticipated Taseko Mines Limited’s latest quarter earnings to come in at $0.02 per share, but it turned out to be $0.03, a 50.00% surprise. For the quarter, EBITDA amounted to $36.72 million.
From a technical analysis perspective, let’s take a brief look at Taseko Mines Limited (TGB) price momentum. RSI 9-day as of the close on 13 October was 70.51%, suggesting the stock is Overbought, with historical volatility in this time frame at 51.23%.
As of today, TGB’s price is $2.04 +13.68% or $0.26 from its 5-day moving average. TGB is currently trading +8.00% higher than its 20-day SMA and -5.26% lower than its 100-day SMA. However, the stock’s current price level is +19.34% above the SMA50 and +64.89% above the SMA200.
The stochastic %K and %D were 90.26% and 85.47%, respectively, and the average true range (ATR) was 0.12. With the 14-day stochastic at 92.45% and the average true range at 0.12, the RSI (14) stands at 65.55%. The stock has reached 0.10 on the 9-day MACD Oscillator while the 14-day reading was at 0.16.
TD Securities upgraded Taseko Mines Limited (AMEX: TGB) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a a Hold.The consensus rating for Taseko Mines Limited (TGB) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TGB, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.
What is TGB’s price target for the next 12 months?
Analysts predict a range of price targets between $2.09 and $3.54, with a median target of $2.58. Taking a look at these predictions, the average price target given by analysts for Taseko Mines Limited (TGB) stock is $2.59.