Taseko Mines Ltd. (AMEX:TGB) traded at $2.60 at close of the session on Friday, April 26, made an upward move of 5.26% on its previous day’s price.
Looking at the stock we see that its previous close was $2.47 . The company has a trailing 12-month PE ratio of 12.42. In terms of its 52-week price range, TGB has a high of $2.61 and a low of $1.05. The company’s stock has gained about 17.65% over that past 30 days.
Taseko Mines Ltd. has a market cap of $755.82 million. Estimates by analysts give the company expected earnings per share (EPS) of $0.03, with the EPS growth for the year raised at $0.15 for 2024 and $0.26 for next year. These figures represent 36.40% and 73.30% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $93.62 million, with a low of $92.81 million and a high of $94.44 million. The median projection represents growth squeezing down to 6.70% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $406.22 million, or 5.90% up from figures reported last year.
On the other hand, looking at the outlook for the TGB stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note the current price level is 7.95% off its SMA20 and 30.14% from its 50-day simple moving average. The RSI (14) is pointing at 68.25 while the volatility over the past week is 4.97% and jumps to 5.03% over the past one month. The beta value is 1.91, while the average true range (ATR) is currently pointing at 0.12.
Coming back to Taseko Mines Ltd. (AMEX:TGB), we note that the average 3-month trading volume was 2.33 million. Current shares outstanding are 290.00 million.
The insiders hold 2.43% of the company’s shares while institutions hold 18.73%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 85.71% up in year-to-date price movement.
