In the latest trading session, 0.88 million Taseko Mines Ltd. (AMEX:TGB) shares changed hands as the company’s beta touched 1.77. With the company’s most recent per share price at $1.92 changed hands at -$0.01 or -0.26% at last look, the market valuation stands at $564.70M. TGB’s current price is a discount, trading about -64.06% off its 52-week high of $3.15. The share price had its 52-week low at $1.05, which suggests the last value was 45.31% up since then. When we look at Taseko Mines Ltd.’s average trading volume, we note the 10-day average is 2.13 million shares, with the 3-month average coming to 2.77 million.
Analysts gave the Taseko Mines Ltd. (TGB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.25. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended TGB as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Taseko Mines Ltd.’s EPS for the current quarter is expected to be 0.05.
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Taseko Mines Ltd. (AMEX:TGB) trade information
Instantly TGB was in red as seen in intraday trades today. With action -3.27%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 37.50%, with the 5-day performance at -3.27% in the red. However, in the 30-day time frame, Taseko Mines Ltd. (AMEX:TGB) is -6.55% down. Looking at the short shares, we see there were 2.08 million shares sold at short interest cover period of 0.8 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3.75, meaning bulls need an upside of 48.8% from its recent market value. According to analyst projections, TGB’s forecast low is 3.75 with 3.75 as the target high. To hit the forecast high, the stock’s price needs a -95.31% plunge from its current level, while the stock would need to soar -95.31% for it to hit the projected low.
Taseko Mines Ltd. (TGB) estimates and forecasts
Data shows that the Taseko Mines Ltd. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 11.92% over the past 6 months, a 63.64% in annual growth rate that is considerably higher than the industry average of 19.80%. Year-over-year growth is forecast to reach 19.50% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 121.26M. 2 analysts are of the opinion that Taseko Mines Ltd.’s revenue for the current quarter will be 125.83M. The estimates for the next quarter sales put growth at 11.80%.
The 2024 estimates are for Taseko Mines Ltd. earnings to increase by 81.91%.
TGB Dividends
Taseko Mines Ltd. is expected to release its next quarterly earnings report on 2024-Oct-30.
Taseko Mines Ltd. (AMEX:TGB)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.58% of Taseko Mines Ltd. shares while 29.72% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 30.51%. There are 29.72% institutions holding the Taseko Mines Ltd. stock share, with MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. the top institutional holder. As of 2024-06-30, the company held 3.4458% of the shares, roughly 10.01 million TGB shares worth $24.62 million.
TOROSO INVESTMENTS, LLC holds the second largest percentage of outstanding shares, with 2.5855% or 7.51 million shares worth $18.4 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jul 31, 2024 were Global X Fds-Global X Copper Miners ETF and Amplify ETF Tr-Amplify Junior Silver Miners ETF. With 7.91 shares estimated at $14.99 million under it, the former controlled 2.70% of total outstanding shares. On the other hand, Amplify ETF Tr-Amplify Junior Silver Miners ETF held about 2.56% of the shares, roughly 7.51 shares worth around $14.23 million.
