Taseko Mines Ltd. (AMEX:TGB) price is hovering higher on Monday, April 15, jumping 4.02% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $2.49. The company’s P/E ratio in the trailing 12-month period read 12.37. Taking into account the 52-week price action we note that the stock hit a 52-week high of $2.58 and 52-week low of $1.05. The stock added 39.25% on its value in the past month.
Taseko Mines Ltd., which has a market valuation of $752.91 million. Analysts tracking TGB have forecast the quarterly EPS to grow by 0.03 per share this quarter, while the same analysts predict the annual EPS to hit $0.15 for the year 2024 and up to $0.26 for 2025. In this case, analysts estimate an annual EPS growth of 36.40% for the year and 73.30% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $92.98 million, with the likely lows of $92.17 million and highs of $93.79 million. The average estimate suggests sales growth for the quarter will likely rise by 6.00% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $403.42 million for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 5.90% above that which the company brought in 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with — upward and — downward reviews. On the technical perspective front, indicators give TGB a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that TGB’s price is at present 16.40% off the SMA20 and 43.14% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 73.31, with weekly volatility standing at 4.04%. The indicator jumps to 5.38% when calculated based on the past 30 days. Taseko Mines Ltd. (AMEX:TGB)’s beta value is holding at 1.93, while the average true range (ATR) indicator is currently reading 0.11.
An analysis of the Taseko Mines Ltd. (AMEX:TGB) stock in terms of its daily trading volume indicates that the 3-month average is 2.14 million.
Current records show that the company has 290.00M in outstanding shares. The insiders’ percentage holdings are 2.83% of outstanding shares while the percentage share held by institutions stands at 18.58%. But the 85.00% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
