Taseko Mines Ltd. (AMEX:TGB) shares, rose in value, with the stock price down by -5.74% to the previous day’s close as strong demand from buyers drove the stock to $2.30.
Actively observing the price movement in the last trading, the stock closed the session at $2.44. The value of beta (5-year monthly) was 2.09 whereas the PE ratio was 10.99 over 12-month period. Referring to stock’s 52-week performance, its high was $2.44, and the low was $1.05. On the whole, TGB has fluctuated by 53.33% over the past month.
With the market capitalization of Taseko Mines Ltd. currently standing at about $668.10 million, investors are eagerly awaiting this quarter’s results, scheduled for May 01, 2024 – May 06, 2024.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that TGB’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of TGB currently trading nearly 16.07% and 37.64% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 67.44, while the 7-day volatility ratio is showing 5.61% which for the 30-day chart, stands at 6.06%. Furthermore, Taseko Mines Ltd. (TGB)’s beta value is 1.96, and its average true range (ATR) is 0.11.
A comparison of Taseko Mines Ltd. (TGB) with its peers suggests the former has fared considerably weaker in the market. TGB showed an intraday change of -5.74% in last session, and over the past year, it grew by 34.50%%.
Data on historical trading for Taseko Mines Ltd. (AMEX:TGB) indicates that the trading volumes over the past 10 days have averaged 3.05 million and over the past 3 months, they’ve averaged 1.79 million. According to company’s latest data on outstanding shares, there are 290.00 million shares outstanding.
Nearly 2.84% of Taseko Mines Ltd.’s shares belong to company insiders and institutional investors own 18.46% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.09 million shares as on Mar 15, 2024, resulting in a short ratio of 2.61. According to the data, the short interest in Taseko Mines Ltd. (TGB) stood at 1.68% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 5.05 million. The stock has risen by 64.29% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TGB stock heading into the next quarter.
