In the last trading session, 2.97 million shares of the Taseko Mines Ltd. (AMEX:TGB) were traded, and its beta was 1.75. Most recently the company’s share price was $2.31, and it changed around -$0.04 or -1.70% from the last close, which brings the market valuation of the company to $677.64M. TGB currently trades at a discount to its 52-week high of $3.15, offering almost -36.36% off that amount. The share price’s 52-week low was $1.05, which indicates that the current value has risen by an impressive 54.55% since then. We note from Taseko Mines Ltd.’s average daily trading volume that its 10-day average is 3.1 million shares, with the 3-month average coming to 3.04 million.
Taseko Mines Ltd. stock received a consensus recommendation rating of Hold, based on a mean score of 1.29. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 4 recommended TGB as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Taseko Mines Ltd. is expected to report earnings per share of 0.03 for the current quarter.
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Taseko Mines Ltd. (AMEX:TGB) trade information
Instantly TGB has showed a red trend with a performance of -1.70% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.47 on recent trading dayincreased the stock’s daily price by 6.48%. The company’s shares are currently up 65.00% year-to-date, but still down -3.35% over the last five days. On the other hand, Taseko Mines Ltd. (AMEX:TGB) is -12.17% down in the 30-day period. We can see from the shorts that 1.67 million shares have been sold at a short interest cover period of 0.48 day(s).
The consensus price target as assigned by Wall Street analysts is $3.75, which translates to bulls needing to increase their stock price by 38.4% from its current value. Analyst projections state that TGB is forecast to be at a low of $3.75 and a high of $3.75.
Taseko Mines Ltd. (TGB) estimates and forecasts
Taseko Mines Ltd. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -11.15 percent over the past six months and at a 36.36% annual growth rate that is well above the industry average of 15.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -40.00% in revenue this quarter, and will report a decrease of -16.70% in the next quarter. The year-over-year growth rate is expected to be 16.30%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 114.45M in revenue for the current quarter. 2 analysts expect Taseko Mines Ltd. to make 122.88M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 9.20%.
TGB Dividends
Taseko Mines Ltd.’s next quarterly earnings report is expected to be released in November.
Taseko Mines Ltd. (AMEX:TGB)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.58% of Taseko Mines Ltd. shares, and 31.69% of them are in the hands of institutional investors. The stock currently has a share float of 32.53%. Taseko Mines Ltd. stock is held by 174.0 institutions, with MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. being the largest institutional investor. By 2024-06-30, it held 3.4458% of the shares, which is about 10.01 million shares worth $24.62 million.
TOROSO INVESTMENTS, LLC, with 2.5855% or 7.51 million shares worth $18.4 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
