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Is Taseko Mines Limited’s -24.86% Fall This Year Is A Better Investing Opportunity?

In last trading session, Taseko Mines Limited (AMEX:TGB) saw 1.99 million shares changing hands with its beta currently measuring 2.18. Company’s recent per share price level of $1.30 trading at $0.0 or 0.00% at ring of the bell on the day assigns it a market valuation of $358.71M. That closing price of TGB’s stock is at a discount of -85.38% from its 52-week high price of $2.41 and is indicating a premium of 31.54% from its 52-week low price of $0.89. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.1 million shares which gives us an average trading volume of 1.61 million if we extend that period to 3-months.

For Taseko Mines Limited (TGB), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.20. Splitting up the data highlights that, out of 8 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.03 in the current quarter.

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Taseko Mines Limited (AMEX:TGB) trade information

TGB remained trading in the green while hitting it’s week-highest on Monday, 09/19/22 when the stock touched $1.30 price level, adding 2.99% to its value on the day. Taseko Mines Limited’s shares saw a change of -36.59% in year-to-date performance and have moved 8.33% in past 5-day. Taseko Mines Limited (AMEX:TGB) showed a performance of 22.64% in past 30-days. Number of shares sold short was 3.91 million shares which calculate 2.13 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $1.75 to the stock, which implies a rise of 25.71% to its current value. Analysts have been projecting $1.33 as a low price target for the stock while placing it at a high target of $2.30. It follows that stock’s current price would drop -76.92% in reaching the projected high whereas dropping to the targeted low would mean a loss of -2.31% 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 lost -41.44% of value to its shares in past 6 months, showing an annual growth rate of -84.62% while that of industry is 17.20. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. This year revenue growth is estimated to rise 14.90% from the last financial year’s standing.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $90.61 million for the same. And 2 analysts are in estimates of company making revenue of $99.5 million in the next quarter that will end on Sep 2022.

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 23.70% during past 5 years.

TGB Dividends

Taseko Mines Limited is more likely to be releasing its next quarterly report between October 25 and October 29 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Taseko Mines Limited (AMEX:TGB)’s Major holders

Insiders are in possession of 3.37% of company’s total shares while institution are holding 24.83 percent of that, with stock having share float percentage of 25.69%. Investors also watch the number of corporate investors in a company very closely, which is 24.83% institutions for Taseko Mines Limited that are currently holding shares of the company. Benefit Street Partners, LLC is the top institutional holder at TGB for having 9.86 million shares of worth $10.64 million. And as of Jun 29, 2022, it was holding 3.44% of the company’s outstanding shares.

The second largest institutional holder is Renaissance Technologies, LLC, which was holding about 7.91 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 2.76% of outstanding shares, having a total worth of $18.12 million.

On the other hand, iShares U.S. Infrastructure ETF and Global X Fds-Global X Copper Miners ETF are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 6.82 million shares of worth $7.36 million or 2.38% of the total outstanding shares. The later fund manager was in possession of 5.47 million shares on Jun 29, 2022, making its stake of worth around $5.91 million in the company or a holder of 1.91% of company’s stock.

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