In the latest trading session, 1.95 million Taseko Mines Ltd (AMEX:TGB) shares changed hands as the company’s beta touched 1.61. With the company’s most recent per share price at $2.21 changing hands around $0.14 or 7.00% at last look, the market valuation stands at $687.87M. TGB’s current price is a discount, trading about -42.53% off its 52-week high of $3.15. The share price had its 52-week low at $1.46, which suggests the last value was 33.94% up since then.
Analysts gave the Taseko Mines Ltd (TGB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. 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 -0.01.
Taseko Mines Ltd (AMEX:TGB) trade information
Instantly TGB is in green as seen in intraday trades today. With action 7.52%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 14.18%, with the 5-day performance at 7.52% in the green. However, in the 30-day time frame, Taseko Mines Ltd (AMEX:TGB) is 17.20% up.
The consensus price target for the stock as assigned by Wall Street analysts is 3.75, meaning bulls need an upside of 41.07% 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 -69.68% plunge from its current level, while the stock would need to soar -69.68% for it to hit the projected low.
Taseko Mines Ltd (TGB) estimates and forecasts
Year-over-year growth is forecast to reach 22.07% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 141.07M. 2 analysts are of the opinion that Taseko Mines Ltd’s revenue for the current quarter will be 160.9M. The company’s revenue for the corresponding quarters a year ago was 146.95M and 137.73M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -4.00%. The estimates for the next quarter sales put growth at 16.82%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 27.43%. The 2025 estimates are for Taseko Mines Ltd earnings to increase by 27.85%, but the outlook for the next 5-year period is at 58.72% per year.
Taseko Mines Ltd (AMEX:TGB)’s Major holders
TOROSO INVESTMENTS, LLC holds the second largest percentage of outstanding shares, with 2.7427% or 7.51 million shares worth $18.4 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Amplify ETF Tr-Amplify Junior Silver Miners ETF and Global X Fds-Global X Copper Miners ETF. With 13.58 shares estimated at $30.28 million under it, the former controlled 4.46% of total outstanding shares. On the other hand, Global X Fds-Global X Copper Miners ETF held about 3.19% of the shares, roughly 9.72 shares worth around $21.68 million.
