In the latest trading session, 2.21 million Taseko Mines Ltd (AMEX:TGB) shares changed hands as the company’s beta touched 1.46. With the company’s most recent per share price at $2.43 changing hands around $0.03 or 1.26% at last look, the market valuation stands at $754.73M. TGB’s current price is a discount, trading about -29.63% off its 52-week high of $3.15. The share price had its 52-week low at $1.77, which suggests the last value was 27.16% up since then. When we look at Taseko Mines Ltd’s average trading volume, we note the 10-day average is 16.22 million shares, with the 3-month average coming to 6.63 million.
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 17.98%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 25.27%, with the 5-day performance at 17.98% in the green. However, in the 30-day time frame, Taseko Mines Ltd (AMEX:TGB) is 11.48% up. Looking at the short shares, we see there were 2.63 million shares sold at short interest cover period of 0.58 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3.75, meaning bulls need an upside of 35.2% 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 -54.32% plunge from its current level, while the stock would need to soar -54.32% 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 27.44%, but the outlook for the next 5-year period is at 58.70% per year.
Taseko Mines Ltd (AMEX:TGB)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.57% of Taseko Mines Ltd shares while 28.41% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 29.15%. There are 28.41% 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 3.6552% 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 2.7427% or 7.51 million shares worth $18.4 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jan 31, 2025 were Global X Fds-Global X Copper Miners ETF and iShares U.S. Infrastructure ETF. With 10.26 shares estimated at $24.93 million under it, the former controlled 3.30% of total outstanding shares. On the other hand, iShares U.S. Infrastructure ETF held about 3.12% of the shares, roughly 9.68 shares worth around $23.53 million.
