Taseko Mines Ltd. (AMEX: TGB) Have Inclined 56.44% YTD, Forecasting What Will Happen Next

ZM Stock

Taseko Mines Ltd. (AMEX:TGB)’s traded shares stood at 0.65 million during the latest session, with the company’s beta value hitting 1.74. At the last check today, the stock’s price was $2.19, to imply a decrease of -3.94% or -$0.09 in intraday trading. The TGB share’s 52-week high remains $3.15, putting it -43.84% down since that peak but still an impressive 52.05% since price per share fell to its 52-week low of $1.05. The company has a valuation of $642.47M, with an average of 3.55 million shares in intraday trading volume over the past 10 days and average of 3.16 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Taseko Mines Ltd. (TGB), translating to a mean rating of 1.25. Of 5 analyst(s) looking at the stock, 0 analyst(s) give TGB a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.05.

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Taseko Mines Ltd. (AMEX:TGB) trade information

After registering a -3.94% downside in the latest session, Taseko Mines Ltd. (TGB) has traded red over the past five days. The 5-day price performance for the stock is -2.23%, and 4.79% over 30 days. With these gigs, the year-to-date price performance is 56.44%. Short interest in Taseko Mines Ltd. (AMEX:TGB) saw shorts transact 2.1 million shares and set a 0.8 days time to cover.

The extremes give us $3.75 and $3.75 for target low and target high price respectively. As such, TGB has been trading -71.23% off suggested target high and -71.23% from its likely low.

Taseko Mines Ltd. (TGB) estimates and forecasts

Looking at statistics comparing Taseko Mines Ltd. share performance against respective industry, we note that the company has outperformed competitors. Taseko Mines Ltd. (TGB) shares are 47.98% up over the last 6 months, with its year-to-date growth rate higher than industry average at 36.36% against 19.30%. The rating firms project that company’s revenue will grow 19.00% compared to the previous financial year.

Revenue forecast for the current quarter as set by 2 analysts is 120.81M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 125.36M.

TGB Dividends

Taseko Mines Ltd. has its next earnings report out on 2024-Oct-30. 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 Ltd. (AMEX:TGB)’s Major holders

Taseko Mines Ltd. insiders hold 2.58% of total outstanding shares, with institutional holders owning 29.05% of the shares at 29.82% float percentage. In total, 29.05% institutions holds shares in the company, led by MIRAE ASSET GLOBAL ETFS HOLDINGS LTD.. As of 2024-06-30, the company held over 10.01 million shares (or 3.4458% of shares), all amounting to roughly $24.62 million.

The next major institution holding the largest number of shares is TOROSO INVESTMENTS, LLC with 7.51 million shares, or about 2.5855% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $18.4 million.