The stock of Taseko Mines Ltd. (TGB) has gone up by 6.07% for the week, with a 44.59% rise in the past month and a 62.14% rise in the past quarter. The volatility ratio for the week is 6.34%, and the volatility levels for the past 30 days are 5.52% for TGB. The simple moving average for the past 20 days is 19.73% for TGB’s stock, with a 62.47% simple moving average for the past 200 days.
Is It Worth Investing in Taseko Mines Ltd. (AMEX: TGB) Right Now?
The price-to-earnings ratio for Taseko Mines Ltd. (AMEX: TGB) is above average at 10.85x, Company’s 36-month beta value is 1.97.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for TGB is 282.22M, and currently, short sellers hold a 1.80% ratio of that floaft. The average trading volume of TGB on April 02, 2024 was 1.69M shares.
TGB) stock’s latest price update
Taseko Mines Ltd. (AMEX: TGB) has experienced a rise in its stock price by 3.65 compared to its previous closing price of 2.19. However, the company has seen a gain of 6.07% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-28 that Taseko (TGB) finalizes an agreement that will grant it the full ownership of the Gibraltar mine, the second-largest open-pit copper mine in Canada.
TGB Trading at 39.43% 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 0.89% of gains for the given period.
Volatility was left at 5.52%, however, over the last 30 days, the volatility rate increased by 6.34%, as shares surge +44.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +68.66% upper at present.
During the last 5 trading sessions, TGB rose by +5.61%, which changed the moving average for the period of 200-days by +58.04% in comparison to the 20-day moving average, which settled at $1.93. In addition, Taseko Mines Ltd. saw 62.14% 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 2.72. 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 a nutshell, Taseko Mines Ltd. (TGB) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
