In last trading session, Taseko Mines Ltd. (AMEX:TGB) saw 2.17 million shares changing hands with its beta currently measuring 1.97. Company’s recent per share price level of $2.00 trading at -$0.04 or -1.96% at ring of the bell on the day assigns it a market valuation of $580.96M. That closing price of TGB’s stock is at a discount of -2.0% from its 52-week high price of $2.04 and is indicating a premium of 47.5% from its 52-week low price of $1.05. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.31 million shares which gives us an average trading volume of 1.48 million if we extend that period to 3-months.
Taseko Mines Ltd. (AMEX:TGB) trade information
Upright in the red during last session for losing -1.96%, in the last five days TGB remained trading in the green while hitting it’s week-highest on Thursday, 03/21/24 when the stock touched $2.00 price level, adding 3.85% to its value on the day. Taseko Mines Ltd.’s shares saw a change of 42.86% in year-to-date performance and have moved 7.53% in past 5-day. Taseko Mines Ltd. (AMEX:TGB) showed a performance of 33.33% in past 30-days. Number of shares sold short was 5.05 million shares which calculate 4.62 days to cover the short interests.
Taseko Mines Ltd. (TGB) estimates and forecasts
Statistics highlight that Taseko Mines Ltd. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 48.15% of value to its shares in past 6 months, showing an annual growth rate of -18.18% while that of industry is 13.90. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 50.00% in the current quarter and calculating 300.00% increase in the next quarter. This year revenue growth is estimated to fall -2.20% 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 $91.79 million for the same. And 1 analysts are in estimates of company making revenue of $89.8 million in the next quarter that will end on Jun 2024.
TGB Dividends
Taseko Mines Ltd. is more likely to be releasing its next quarterly report between May 01 and May 06 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 Ltd. (AMEX:TGB)’s Major holders
Insiders are in possession of 3.44% of company’s total shares while institution are holding 20.28 percent of that, with stock having share float percentage of 21.00%. Investors also watch the number of corporate investors in a company very closely, which is 20.28% institutions for Taseko Mines Ltd. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at TGB for having 8.09 million shares of worth $11.57 million. And as of Jun 29, 2023, it was holding 2.80% of the company’s outstanding shares.
The second largest institutional holder is Connor Clark & Lunn Investment Management Ltd, which was holding about 6.3 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 2.18% of outstanding shares, having a total worth of $9.01 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 Aug 30, 2023, the former fund manager was holding 8.91 million shares of worth $12.75 million or 3.09% of the total outstanding shares. The later fund manager was in possession of 6.0 million shares on Sep 29, 2023, making its stake of worth around $7.62 million in the company or a holder of 2.08% of company’s stock.
