The stock of Taseko Mines Limited (AMEX:TGB) decreased by -$0.01 on Friday to finish at $1.35, down -0.74 percent. The last five days have seen an average of 503,200 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$0.1200. The average number of shares traded over the last 20 days was 740,870, while the average volume over the last 50 days totaled 835,200.
TGB stock dropped -3.57% since last month. On 08/18/23, the company’s shares reached a one-month low of $1.2700. The stock touched a high of $1.90 on 01/18/23, after rallying from a low of $0.91 in 52 weeks. The price of TGB stock has declined by -8.16% or -$0.1200 this year, reaching a new high 8 times. Still, the stock price is down -28.95% from the 52-week high.
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Valuation Metrics
Beta for the stock is 2.04. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.26, the price-to-book (PB) ratio of 1.45.
Financial Health
For the three months ended June 29, Taseko Mines Limited’s quick ratio was 0.80, while its current ratio was 1.50, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.59, and the total debt to equity ratio is 1.65. As far as profitability goes, gross margin for the trailing twelve months is 17.80% percent. Taseko Mines Limited’s EBITDA margin for the year ended June 29 was 23.19%, whereas its operating margin stood at 12.70% for the same period. Based on annual data, it had gross profit of $81.7 million and revenue of $301.23 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TGB’s return on assets (ROA) during the last 12 months has been -0.90%. There was a 5.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -3.20%.
Earnings Surprise
According to Taseko Mines Limited’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $252.14 million, while revenues fell by -4.47% to $0.0. It was predicted that Taseko Mines Limited’s quarterly earnings would be -$0.01, but it ended up being $0.01. EBITDA was $19.71 million for the quarter. At the end of Taseko Mines Limited’s most recent quarter ended June 29, its liabilities totaled 785.03 million, while its total debt was $601.75 million.
Technical Picture
Here’s a quick look at Taseko Mines Limited’s (TGB) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 47.75%, suggesting the stock is Neutral, with a 34.91% historical volatility rate.
The stochastic %K and %D were 70.75% and 68.60% respectively, while the average true range (ATR) was 0.0517. Based on the 14-day stochastic reading of 61.54%, the RSI (14) reading is 46.85%. On the 9-day MACD Oscillator, the stock is at 0.0311, and the 14-day reading is at 0.0219.
Analyst Ratings
In its most recent analyst report, Stifel raised its rating on Taseko Mines Limited (AMEX: TGB) to a Buy. Prior to this, analysts firm rated the stock as a Hold.
