The stock price of Taseko Mines Ltd. (AMEX: TGB) has jumped by 5.77 compared to previous close of 2.08. Despite this, the company has seen a gain of 7.84% in its stock price over the last five trading days. InvestorPlace reported 2024-03-24 that Penny growth stocks are all the rage for investors seeking explosive returns. With the market cycle potentially shifting and the Federal Reserve poised to cut interest rates up to three times this year, now could be an opportune time to grab some neglected penny stocks before they take off.
Is It Worth Investing in Taseko Mines Ltd. (AMEX: TGB) Right Now?
Taseko Mines Ltd. (AMEX: TGB) has a price-to-earnings ratio of 10.51x that is above its average ratio. Additionally, the 36-month beta value for TGB is 1.97. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
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The public float for TGB is 282.02M and currently, short sellers hold a 1.79% ratio of that float. The average trading volume of TGB on March 27, 2024 was 1.60M shares.
TGB’s Market Performance
TGB’s stock has seen a 7.84% increase for the week, with a 43.79% rise in the past month and a 49.66% gain in the past quarter. The volatility ratio for the week is 6.98%, and the volatility levels for the past 30 days are at 5.43% for Taseko Mines Ltd. The simple moving average for the past 20 days is 22.39% for TGB’s stock, with a 58.78% simple moving average for the past 200 days.
TGB Trading at 39.49% 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 able to rebound, for now settling with 1.15% of gains for the given period.
Volatility was left at 5.43%, however, over the last 30 days, the volatility rate increased by 6.98%, as shares surge +47.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +54.62% upper at present.
During the last 5 trading sessions, TGB rose by +6.87%, which changed the moving average for the period of 200-days by +57.98% in comparison to the 20-day moving average, which settled at $1.83. In addition, Taseko Mines Ltd. saw 57.14% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for TGB
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.28 for the gross margin
The net margin for Taseko Mines Ltd. stands at 0.16. The total capital return value is set at 0.09. Equity return is now at value 20.56, with 5.71 for asset returns.
Based on Taseko Mines Ltd. (TGB), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 1.39. The interest coverage ratio of the stock is 2.68.
Currently, EBITDA for the company is 186.44 million with net debt to EBITDA at 2.97. When we switch over and look at the enterprise to sales, we see a ratio of 2.68. The receivables turnover for the company is 31.84for trailing twelve months and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.77.
Conclusion
In conclusion, Taseko Mines Ltd. (TGB) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
