Analysis Of The Weekly Performance Of Taseko Mines Limited (TGB)


Taseko Mines Limited (AMEX:TGB) finished Wednesday with a subtraction of $0.0 to close at $1.30, a downside of 0.00 percent. An average of 2,546,860 shares of common stock have been traded in the last five days. There was a gain of $0.1000 in the past week, and it reached a new high 15 times over the past 12 months. The last 20 days have seen an average of 1,752,125 shares traded, while the 50-day average volume stands at 1,648,826.

TGB stock has increased by 22.64% in the last month. The company shares reached their 1-month lowest point of $0.9100 on 09/06/22. With the stock rallying to its 52-week high on 04/05/22, shares of the company touched a low of $0.89 and a high of $2.41 in 52 weeks. It has reached a new high 9 times so far this year and lost -36.59% or -$0.7500 in price. In spite of this, the price is down -46.06% from the 52-week high.

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Valuation Metrics

Taseko Mines Limited (TGB) has a trailing price-to-earnings (P/E) ratio of 14.61. The stock’s beta is 2.18. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.09, the price-to-book (PB) ratio at 1.35, and the price-to-cash flow ratio at 3.14.

Financial Health

The quick ratio of Taseko Mines Limited for the three months ended June 29 was 1.90, and the current ratio was 2.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.43 and a total debt to equity ratio of 1.47 for the quarter ending June 29. Its gross profit as reported stood at $183.83 million compared to revenue of $345.71 million.

Earnings Surprise

In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$40.89 million in the quarter, while revenues were grew 32.99%. The analyst consensus anticipated Taseko Mines Limited’s latest quarter earnings to come in at $0 per share, but it turned out to be -$0.05. For the quarter, EBITDA amounted to $24.8 million.

Technical Picture

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 21 September was 65.47%, suggesting the stock is Neutral, with historical volatility in this time frame at 72.55%.

As of today, TGB’s price is $1.2740 +8.33% or $0.1000 from its 5-day moving average. TGB is currently trading +15.04% higher than its 20-day SMA and -34.67% lower than its 100-day SMA. However, the stock’s current price level is +31.31% above the SMA50 and -36.27% below the SMA200.

The stochastic %K and %D were 93.80% and 90.76%, respectively, and the average true range (ATR) was 0.0911. With the 14-day stochastic at 90.70% and the average true range at 0.0884, the RSI (14) stands at 61.68%. The stock has reached 0.0678 on the 9-day MACD Oscillator while the 14-day reading was at 0.1376.

Analyst Ratings

Stifel upgraded Taseko Mines Limited (AMEX: TGB) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as 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 $1.33 and $2.30, with a median target of $1.82. Taking a look at these predictions, the average price target given by analysts for Taseko Mines Limited (TGB) stock is $1.75.


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