In today’s recent session, 1.97 million shares of the Taseko Mines Ltd (AMEX:TGB) have been traded, and its beta is 1.47. Most recently the company’s share price was $2.43, and it changed around -$0.09 or -3.40% from the last close, which brings the market valuation of the company to $756.00M. TGB at last check was trading at a discount to its 52-week high of $3.15, offering almost -29.63% off that amount. The share price’s 52-week low was $1.77, which indicates that the recent value has risen by an impressive 27.16% since then. We note from Taseko Mines Ltd’s average daily trading volume that its 10-day average is 16.35 million shares, with the 3-month average coming to 7.75 million.
Taseko Mines Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 0 recommended TGB as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Taseko Mines Ltd is expected to report earnings per share of -0.01 for the current quarter.
Taseko Mines Ltd (AMEX:TGB) trade information
Instantly TGB has been showing red trend so far today with a performance of -3.40% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.54 on recent trading dayincreased the stock’s daily price by 4.33%. The company’s shares are currently up 25.48% year-to-date, but still down -0.64% over the last five days. On the other hand, Taseko Mines Ltd (AMEX:TGB) is 17.60% up in the 30-day period. We can see from the shorts that 3.39 million shares have been sold at a short interest cover period of 0.24 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 35.2% 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
The year-over-year growth rate is expected to be 22.07%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 141.07M in revenue for the current quarter. 2 analysts expect Taseko Mines Ltd to make 160.9M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 146.95M and 137.73M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -4.00%. Forecasts for the next quarter put sales growth at 16.82%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 27.43%. Taseko Mines Ltd earnings are expected to increase by 27.45% in 2025, but the outlook is positive 58.70% per year for the next five years.
Taseko Mines Ltd (AMEX:TGB)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.56% of Taseko Mines Ltd shares, and 28.41% of them are in the hands of institutional investors. The stock currently has a share float of 29.15%. Taseko Mines Ltd stock is held by 187.0 institutions, with MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. being the largest institutional investor. By 2024-06-30, it held 3.6552% of the shares, which is about 10.01 million shares worth $24.62 million.
TOROSO INVESTMENTS, LLC, with 2.7427% or 7.51 million shares worth $18.4 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Global X Copper Miners ETF and iShares U.S. Infrastructure ETF were the top two Mutual Funds as of Feb 28, 2025. The former held 10.35 shares worth $25.05 million, making up 3.33% of all outstanding shares. On the other hand, iShares U.S. Infrastructure ETF held roughly 7.55 shares worth around $18.27 million, which represents about 2.43% of the total shares outstanding.
