In last trading session, Taseko Mines Limited (NYSE:TGB) saw 1,169,462 shares changing hands with its beta currently measuring 2.76. Company’s recent per share price level of $1.16 trading at $0.03 or 2.65% at ring of the bell on the day assigns it a market valuation of $289.22 Million. That closing price of TGB’s stock is at a discount of -2.59% from its 52-week high price of $1.19 and is indicating a premium of 82.76% from its 52-week low price of $0.2. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.87 Million shares which gives us an average trading volume of 1.89 Million if we extend that period to 3-months.
For Taseko Mines Limited (TGB), analysts’ consensus is at an average recommendation of Overweight while assigning it a mean rating of 3. Splitting up the data highlights that, out of 8 analysts covering the stock, 1 rated the stock as a Sell while none recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 4 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.01 in the current quarter.
Taseko Mines Limited (NYSE:TGB) trade information
Upright in the green today for gaining 2.65%, in the last five days TGB remained trading in the green while hitting it’s week-highest on Wednesday, Sep 16 when the stock touched $1.19 price level, adding 2.52% to its value on the day. Taseko Mines Limited’s shares saw a change of 141.67% in year-to-date performance and have moved 5.45% in past 5-day. Taseko Mines Limited (NYSE:TGB) showed a performance of 51.12% in past 30-days. Number of shares sold short was 179.91 Million shares which calculate 95.19 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $1.15 to the stock, which implies targetted prices is already lagging behind -0.86% to its current value. Analysts have been projecting $0.61 as a low price target for the stock while placing it at a high target of $1.68. It follows that stock’s current price would jump +44.83% in reaching the projected high whereas dropping to the targeted low would mean a loss of -47.41% for stock’s current value.
Taseko Mines Limited (TGB) estimates and forecasts
Statistics highlight that Taseko Mines Limited is scoring comparatively lower than the scores of other players of the relevant industry. The company added +362.34% of value to its shares in past 6 months, showing an annual growth rate of -66.67% while that of industry is 16.8. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -83.3% in the current quarter and calculating 80% increase in the next quarter. This year revenue growth is estimated to rise 9.4% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $57.77 Million for the same. And 1 analysts are in estimates of company making revenue of $76.03 Million in the next quarter that will end in June 01, 2018. Company posted $82.16 Million and $78.71 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -29.7% while estimating it to be -3.4% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 4.3% during past 5 years. In 2020, company’s earnings growth rate is likely to be around -39.4% while estimates for its earnings growth in next 5 years are of 0%
Taseko Mines Limited (NYSE:TGB)’s Major holders
Insiders are in possession of 4.49% of company’s total shares while institution are holding 11.89% percent of that, with stock having share float percentage of 12.45%. Investors also watch the number of corporate investors in a company very closely, which is 66 institutions for Taseko Mines Limited that are currently holding shares of the company. Renaissance Technologies, LLC is the top institutional holder at TGB for having 7.02 Million shares of worth $3.47 Million. And as of June 29, 2020, it was holding 2.85% of the company’s outstanding shares.
The second largest institutional holder is Benefit Street Partners, LLC, which was holding about 6.05 Million shares on June 29, 2020. The number of shares represents firm’s hold over 2.46% of outstanding shares, having a total worth of $2.99 Million.
On the other hand, DFA International Core Equity Portfolio and DFA Investment Dimensions-Canadian Small Company Series are the top two Mutual Funds which own company’s shares. As of April 29, 2020, the former fund manager was holding 1711483 shares of worth $588.75 Thousand or 0.7% of the total outstanding shares. The later fund manager was in possession of 1.42 Million shares on April 29, 2020, making its stake of worth around $487.73 Thousand in the company or a holder of 0.58% of company’s stock.