In the current trading session, Taseko Mines Limited’s (TGB) stock is trading at the price of $1.23, a fall of -2.38% over last night’s close. So, the stock is trading at a price that is -35.26% less than its 52-week high of $1.90 and 38.20% better than its 52-week low of $0.89.
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The 200-day Simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, TGB’s SMA-200 is $1.4212.
It is also essential to consider TGB stock ratios like the price-to-sales ratio, which is 1.29 for the last year.TGB’s price to book ratio for the most recent quarter was 1.35, resulting in an 4.80 price to cash per share for the period.
How does Taseko Mines Limited (TGB) stock rate among analysts? Buy, sell, or hold?
The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 4 brokerage firms that recommend the stock as a Moderate Buy. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 4.00 in simple terms.
Taseko Mines Limited (TGB): Earnings History
If we examine Taseko Mines Limited’s recent earnings history, in the last quarter ended on 3/30/2023, it posted adjusted earnings per share of $0.01, slashing the consensus of $0.01. In other words, it topped the consensus by $0, resulting in a 0.00% surprise. In the 3 months period before the previous quarter which was closed on 3/30/2023, the stock recorded adjusted earnings per share of $0.01 in contrast with the Outlook of $0.01. That was a difference of $0 and a surprise of 0.00%.
Taseko Mines Limited (TGB): Earnings History
Most analysts expect public companies to report earnings and revenue in line with their projections, but sometimes these figures vary from what they actually expected. In the current quarter, the company had earnings predictions made by 1 different analysts, who are expecting earnings to fall in between the range of 0.03 and 0.03 with an average Earnings Estimate of 0.03 which is in contrast with the last year earnings estimate of -0.05 and also replicates 160.00% growth rate year over year.
Taseko Mines Limited (AMEX: TGB) Ownership Details
I will give a breakdown of the key shareholders in Taseko Mines Limited (TGB). Recent figures show that the company’s insiders hold 2.98% of shares. A total of 126 institutional investors hold shares in the company, making 18.70% of its stock and 19.27% of its float.
Mar 30, 2023, it was reported that the Company’s largest institutional holder is Mirae Asset Global Investments Co., Ltd. holding total of 6.99 million shares that make 2.42% of the company’s total number of shares and are currently priced at 11.61 million.
The securities firm Diamond Hill Capital Management Inc holds 6.96 million shares of TGB, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 2.41%, and the holding percentage of shares is valued at 11.56 million.
An overview of Taseko Mines Limited’s technicals
In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests Taseko Mines Limited (TGB) traded 919,086 shares per day, with a moving average of $1.4595 and price change of -0.4300. With the moving average of $1.5652 and a price change of -0.2500, about 1,034,502 shares changed hands on average over the past 50 days. Finally, TGB’s 100-day average volume is 1,199,325 shares, alongside a moving average of $1.6240 and a price change of -0.2400.
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