Taseko Mines Limited (TGB) Is A Stock You Should Watch


As of Friday close, Taseko Mines Limited’s (AMEX:TGB) stock was up $0.04, moving up 2.70 percent to $1.52. The average number of shares traded per day over the past five days has been 2,031,760 shares. 2 times new highs have been achieved over the past 5 days, with a $0.0200 gain in that time frame. In the last twenty days, the average volume was 1,396,235, while in the previous 50 days, it was 1,428,454.

Since last month, TGB stock retreated -6.17%. Shares of the company fell to $1.4001 on 03/15/23, the lowest level in the past month. A 52-week high of $2.41 was reached on 01/18/23 after having rallying from a 52-week low of $0.89. Since the beginning of this year, TGB’s stock price has risen by 3.40% or $0.0500, and marked a new high 8 times. However, the stock has declined by -36.91% since its 52-week high.

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Valuation Metrics

The stock’s beta is 1.97. Besides these, the trailing price-to-sales (P/S) ratio of 1.57, the price-to-book (PB) ratio of 1.69, and the price-to-cash flow ratio of 9.71 may also be considered.

Financial Health

In the three months ended December 30, Taseko Mines Limited’s quick ratio stood at 1.30, while its current ratio was 2.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 1.60, and the total debt-to-equity ratio was 1.65. On the profitability front, the trailing twelve-month gross margin is 13.80% percent. In the year ended December 30, operating margins totaled 14.20%. Based on annual data, TGB earned $81.7 million in gross profit and brought in $301.23 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.20%. Return on equity (ROE) for the past 12 months was -7.20%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. TGB’s revenue fell -4.47% during the quarter, while net income inched up to $252.14 million. While analysts expected Taseko Mines Limited to report $0 quarterly earnings, the actual figure was $0.01 per share. During the quarter, the company generated $22.87 million in EBITDA. The liabilities of Taseko Mines Limited were 668.55 million at the end of its most recent quarter ended December 30, and its total debt was $586.57 million.

Technical Picture

This quick technical analysis looks at Taseko Mines Limited’s (TGB) price momentum. With a historical volatility rate of 53.98%, the RSI 9-day stood at 40.93% on 17 March.

With respect to its five-day moving average, the current Taseko Mines Limited price is up by +1.33% percent or $0.0200. At present, TGB shares trade -7.32% below its 20-day simple moving average and +35.71% percent above its 100-day simple moving average. However, the stock is currently trading approximately -1.30% below its SMA50 and -4.40% below its SMA200.

Stochastic coefficient K was 21.19% and Stochastic coefficient D was 22.26%, while ATR was 0.0962. Given the Stochastic reading of 27.26% for the 14-day period, the RSI (14) reading has been calculated as 42.41%. As of today, the MACD Oscillator reading stands at -0.0400, while the 14-day reading stands at -0.1224.


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