Taseko Mines Limited (AMEX:TGB)’s traded shares stood at 0.43 million during the latest session, with the company’s beta value hitting 1.97. At the last check today, the stock’s price was $1.46, to imply a decrease of -1.35% or -$0.02 in intraday trading. The TGB share’s 52-week high remains $2.41, putting it -65.07% down since that peak but still an impressive 39.04% since price per share fell to its 52-week low of $0.89. The company has a valuation of $432.06M, with an average of 1.35 million shares in intraday trading volume over the past 10 days and average of 1.38 million shares over the past 3 months.
Taseko Mines Limited (AMEX:TGB) trade information
After registering a -1.35% downside in the latest session, Taseko Mines Limited (TGB) has traded red over the past five days. The stock hit a weekly high of 1.5900 this Thursday, 03/16/23, dropping -1.35% in its intraday price action. The 5-day price performance for the stock is -2.67%, and -9.88% over 30 days. With these gigs, the year-to-date price performance is -0.68%. Short interest in Taseko Mines Limited (AMEX:TGB) saw shorts transact 1.27 million shares and set a 0.8 days time to cover.
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Taseko Mines Limited (TGB) estimates and forecasts
Looking at statistics comparing Taseko Mines Limited share performance against respective industry, we note that the company has outperformed competitors. Taseko Mines Limited (TGB) shares are 21.67% up over the last 6 months, with its year-to-date growth rate higher than industry average at 1,100.00% against 14.10%. Revenue is forecast to shrink -100.00% this quarter before jumping 150.00% for the next one. The rating firms project that company’s revenue will grow 33.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is $73.4 million. Meanwhile, for the quarter ending Jun 2023, a total of 2 analyst(s) estimate revenue growth to $90.75 million.Earnings reports from the last fiscal year show that sales brought in $88.75 million and $62.21 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -17.30% before jumping 45.90% in the following quarter.
Taseko Mines Limited has its next earnings report out between May 02 and May 08. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Taseko Mines Limited has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Taseko Mines Limited (AMEX:TGB)’s Major holders
Taseko Mines Limited insiders hold 3.06% of total outstanding shares, with institutional holders owning 18.61% of the shares at 19.20% float percentage. In total, 18.61% institutions holds shares in the company, led by Blackrock Inc. As of Dec 30, 2022, the company held over 8.11 million shares (or 2.81% of shares), all amounting to roughly $11.89 million.
The next major institution holding the largest number of shares is Diamond Hill Capital Management Inc with 7.17 million shares, or about 2.49% of shares outstanding. As of the market price on Dec 30, 2022, these shares were worth $10.53 million.
We also have iShares U.S. Infrastructure ETF and Diamond Hill Small Cap Fund as the top two Mutual Funds with the largest holdings of the Taseko Mines Limited (TGB) shares. Going by data provided on Dec 30, 2022, iShares U.S. Infrastructure ETF holds roughly 7.7 million shares. This is just over 2.69% of the total shares, with a market valuation of $11.3 million. Data from the same date shows that the other fund manager holds a little less at 6.66 million, or 2.32% of the shares, all valued at about 9.77 million.