Taseko Mines Ltd (AMEX:TGB) has a beta value of 1.51 and has seen 4.25 million shares traded in the recent trading session. The company, currently valued at $670.76M, closed the recent trade at $2.16 per share which meant it gained $0.1 on the day or 4.85% during that session. The TGB stock price is -45.83% off its 52-week high price of $3.15 and 20.83% above the 52-week low of $1.71. If we look at the company’s 10-day average daily trading volume, we find that it stood at 13.03 million shares traded. The 3-month trading volume is 5.53 million shares.
The consensus among analysts is that Taseko Mines Ltd (TGB) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 5 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.01.
Taseko Mines Ltd (AMEX:TGB) trade information
Sporting 4.85% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the TGB stock price touched $2.16 or saw a rise of 0.92%. Year-to-date, Taseko Mines Ltd shares have moved 11.34%, while the 5-day performance has seen it change -1.82%. Over the past 30 days, the shares of Taseko Mines Ltd (AMEX:TGB) have changed -0.47%. Short interest in the company has seen 2.63 million shares shorted with days to cover at 0.58.
Wall Street analysts have a consensus price target for the stock at $3.75, which means that the shares’ value could jump 42.4% from the levels at last check today. The projected low price target is $3.75 while the price target rests at a high of $3.75. In that case, then, we find that the latest price level in today’s session is -73.61% off the targeted high while a plunge would see the stock gain -73.61% from the levels at last check today.
Taseko Mines Ltd (TGB) estimates and forecasts
The company’s shares have gained 11.34% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 22.07%.
3 analysts offering their estimates for the company have set an average revenue estimate of 141.07M for the current quarter. 2 have an estimated revenue figure of 160.9M for the next ending quarter. Year-ago sales stood 146.95M and 137.73M respectively for this quarter and the next, and analysts expect sales will shrink by -4.00% for the current quarter and 22.07% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 27.43% over the past 5 years. Earnings growth for 2025 is a modest 27.48% while over the next 5 years, the company’s earnings are expected to increase by 58.70%.
TGB Dividends
Taseko Mines Ltd is expected to release its next earnings report on 2025-Feb-19 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Taseko Mines Ltd (AMEX:TGB)’s Major holders
Insiders own 2.57% of the company shares, while shares held by institutions stand at 28.40% with a share float percentage of 29.15%. Investors are also buoyed by the number of investors in a company, with Taseko Mines Ltd having a total of 187.0 institutions that hold shares in the company. The top two institutional holders are MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. with over 10.01 million shares worth more than $24.62 million. As of 2024-06-30, MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. held 3.6552% of shares outstanding.
The other major institutional holder is TOROSO INVESTMENTS, LLC, with the holding of over 7.51 million shares as of 2024-06-30. The firm’s total holdings are worth over $18.4 million and represent 2.7427% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Global X Fds-Global X Copper Miners ETF and iShares U.S. Infrastructure ETF. As of Dec 31, 2024, the former fund manager holds about 3.26% shares in the company for having 10.12 shares of worth $21.84 million while later fund manager owns 9.68 shares of worth $20.9 million as of Dec 31, 2024, which makes it owner of about 3.12% of company’s outstanding stock.
