Taseko Mines Ltd (AMEX:TGB) price on current trading day, fall -0.73% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.05.
A look at the stock’s price movement, the level at last check in today’s session was $2.06. Turning to its 52-week performance, $3.03 and $1.67 were the 52-week high and 52-week low respectively. Overall, TGB moved -7.47% over the past month.
Taseko Mines Ltd’s market cap currently stands at around $645.97 million, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 159.6M for the company’s revenue for the quarter, with a low and high estimate of 140.2M and 179M respectively. The average forecast suggests up to a 15.88% 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 712.35M, representing a 17.14% 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 100% Sell. On the other hand, the stock is on average a 25% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell 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 -2.05% and -4.86% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.63, while 7-day volatility ratio is 3.73% and 4.49% in the 30-day chart. Further, Taseko Mines Ltd (TGB) has a beta value of 1.34, and an average true range (ATR) of 0.10. 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 -82.93% off recent price level in today’s trading while to achieve the yearly target high, it has to move -82.93%. Nonetheless, investors will most likely welcome a -82.93% 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 13.80 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 31.48% of the company’s shares. Current price change has pushed the stock 5.41% 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.
