The trading price of Taseko Mines Ltd. (AMEX:TGB) closed lower on Friday, April 19, closing at $2.46, -1.20% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 11.75. In examining the 52-week price action we see that the stock hit a 52-week high of $2.61 and a 52-week low of $1.05. Over the past month, the stock has gained 20.59% in value.
Taseko Mines Ltd., whose market valuation is $715.12 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Taseko Mines Ltd. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest TGB has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that TGB’s price is currently 5.65% off the SMA20 and 29.82% off the SMA50. The RSI metric on the 14-day chart is currently showing 64.22, and weekly volatility stands at 5.41%. When measured over the past 30 days, the indicator reaches 5.46%. Taseko Mines Ltd. (AMEX:TGB)’s beta value is currently sitting at 1.90, while the Average True Range indicator is currently displaying 0.12.
To see how Taseko Mines Ltd. stock has been performing in comparison to its peers in the industry, here are the numbers: TGB stock’s performance was -1.20% in the latest trading, and 40.57% in the past year. Taseko Mines Ltd. has a P/E ratio of 11.75.
An evaluation of the daily trading volume of Taseko Mines Ltd. (AMEX:TGB) indicates that the 3-month average is 2.25 million.
Currently, records show that 290.00 million of the company’s shares remain outstanding. The insiders hold 2.65% of outstanding shares, whereas institutions hold 18.59%. However, since the stock’s price has seen 75.71% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
