The price-to-earnings ratio for Taseko Mines Ltd. (AMEX: TGB) is above average at 11.63x. The 36-month beta value for TGB is also noteworthy at 1.96. 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.”
The public float for TGB is 282.22M, and at present, short sellers hold a 1.80% of that float. The average trading volume of TGB on April 08, 2024 was 1.90M shares.
TGB) stock’s latest price update
Taseko Mines Ltd. (AMEX: TGB)’s stock price has plunge by 2.31relation to previous closing price of 2.38. Nevertheless, the company has seen a 11.19% surge in its stock price over the last five trading sessions. 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’s Market Performance
TGB’s stock has risen by 11.19% in the past week, with a monthly rise of 48.48% and a quarterly rise of 79.04%. The volatility ratio for the week is 6.05% while the volatility levels for the last 30 days are 5.97% for Taseko Mines Ltd. The simple moving average for the last 20 days is 18.61% for TGB stock, with a simple moving average of 72.00% for the last 200 days.
TGB Trading at 42.50% 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 -1.74% of loss for the given period.
Volatility was left at 5.97%, however, over the last 30 days, the volatility rate increased by 6.05%, as shares surge +39.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +66.44% upper at present.
During the last 5 trading sessions, TGB rose by +10.96%, which changed the moving average for the period of 200-days by +72.34% in comparison to the 20-day moving average, which settled at $2.09. In addition, Taseko Mines Ltd. saw 73.93% 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 2.91.
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 2.86. 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 summary, Taseko Mines Ltd. (TGB) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
