Taseko Mines Ltd. (AMEX:TGB) price on Wednesday, April 17, fall -1.61% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.45.
A look at the stock’s price movement, the close in the last trading session was $2.49. The PE ratio in trailing twelve months stood at 11.71. Turning to its 52-week performance, $2.61 and $1.05 were the 52-week high and 52-week low respectively. Overall, TGB moved 26.29% over the past month.
Taseko Mines Ltd.’s market cap currently stands at around $712.22 million.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that TGB is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
TGB’s current price about 7.50% and 32.43% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 65.02, while 7-day volatility ratio is 5.57% and 5.67% in the 30-day chart. Further, Taseko Mines Ltd. (TGB) has a beta value of 1.91, and an average true range (ATR) of 0.12.
If we refocus on Taseko Mines Ltd. (AMEX:TGB), historical trading data shows that trading volumes averaged 2.21 million over the past 3 months. The company’s latest data on shares outstanding shows there are 290.00 million shares.
The 2.65% of Taseko Mines Ltd.’s shares are in the hands of company insiders while institutional holders own 18.59% of the company’s shares. Current price change has pushed the stock 75.00% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TGB stock continues to rise going into the next quarter.
