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Taseko Mines Limited (TGB) Stock: Assessing the Risk and Reward

The stock of Taseko Mines Limited (TGB) has gone up by 3.76% for the week, with a 5.34% rise in the past month and a 0.73% rise in the past quarter. The volatility ratio for the week is 5.85%, and the volatility levels for the past 30 days are 4.06% for TGB. The simple moving average for the past 20 days is 0.22% for TGB’s stock, with a -8.45% simple moving average for the past 200 days.

Is It Worth Investing in Taseko Mines Limited (AMEX: TGB) Right Now?

, and the 36-month beta value for TGB is at 2.04.

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The public float for TGB is 279.52M, and currently, shorts hold a 1.09% of that float. The average trading volume for TGB on September 19, 2023 was 885.84K shares.

TGB) stock’s latest price update

Taseko Mines Limited (AMEX: TGB)’s stock price has gone decline by -2.82 in comparison to its previous close of 1.42, however, the company has experienced a 3.76% increase in its stock price over the last five trading days. Seeking Alpha reported 2023-09-19 that Taseko Mines Limited’s share price rallied 16% after receiving the Underground Injection Control Permit for the Florence Copper project. The Florence copper mine has the potential to transform Taseko’s fortunes, with lower costs and increased cash flows. However, there are technical risks and uncertainties surrounding in-situ copper mining, and Taseko’s balance sheet is stretched with significant debt coming due.

TGB Trading at -1.03% from the 50-Day Moving Average

After a stumble in the market that brought TGB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.37% of loss for the given period.

Volatility was left at 4.06%, however, over the last 30 days, the volatility rate increased by 5.85%, as shares surge +1.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.46% lower at present.

During the last 5 trading sessions, TGB rose by +3.38%, which changed the moving average for the period of 200-days by -1.79% in comparison to the 20-day moving average, which settled at $1.3778. In addition, Taseko Mines Limited saw -6.12% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for TGB

Current profitability levels for the company are sitting at:

  • +9.87 for the present operating margin
  • +13.90 for the gross margin

The net margin for Taseko Mines Limited stands at -6.61. The total capital return value is set at 4.23, while invested capital returns managed to touch -2.89. Equity return is now at value -3.20, with -0.90 for asset returns.

Based on Taseko Mines Limited (TGB), the company’s capital structure generated 164.58 points at debt to equity in total, while total debt to capital is 62.20. Total debt to assets is 45.87, with long-term debt to equity ratio resting at 159.41. Finally, the long-term debt to capital ratio is 60.25.

When we switch over and look at the enterprise to sales, we see a ratio of 2.44, with the company’s debt to enterprise value settled at 0.57. The receivables turnover for the company is 34.43 and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.14.


In conclusion, Taseko Mines Limited (TGB) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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