Taseko Mines Ltd (AMEX:TGB) price on Thursday, May 01, fall -3.07% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.21.
A look at the stock’s price movement, the close in the last trading session was $2.28, moving within a range at $2.21 and $2.3052. The beta value (5-Year monthly) was 1.893. Turning to its 52-week performance, $3.15 and $1.67 were the 52-week high and 52-week low respectively. Overall, TGB moved -3.49% over the past month.
Taseko Mines Ltd’s market cap currently stands at around $698.09 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-19.
Analysts have a consensus estimate of 129.93M for the company’s revenue for the quarter, with a low and high estimate of 128.9M and 131M respectively. The average forecast suggests down to a -11.58% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 729.5M, representing a 19.96% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TGB is a 50% Sell. 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 50% Buy category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 3 recommend TGB as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
TGB’s current price about 6.05% and 1.56% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.87, while 7-day volatility ratio is 4.11% and 6.78% in the 30-day chart. Further, Taseko Mines Ltd (TGB) has a beta value of 1.41, and an average true range (ATR) of 0.13. Analysts have given the company’s stock an average 52-week price target of $3.75, forecast between a low of $3.75 and high of $3.75. Looking at the price targets, the low is -69.68% off current price level while to achieve the yearly target high, price needs to move -69.68%. Nonetheless, investors will most likely welcome a -69.68% jump to $3.75 which is the analysts’ median price.
If we refocus on Taseko Mines Ltd (AMEX:TGB), historical trading data shows that trading volumes averaged 14.6 over the past 10 days and 12.77 million over the past 3 months. The company’s latest data on shares outstanding shows there are 315.88 million shares.
The 2.63% of Taseko Mines Ltd’s shares are in the hands of company insiders while institutional holders own 26.27% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.16 million on 2025-04-15, giving us a short ratio of 0.32. Current price change has pushed the stock 13.92% 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.
