Taseko Mines Ltd. (AMEX: TGB)’s stock price has soared by 4.02 in relation to previous closing price of 2.49. Nevertheless, the company has seen a gain of 5.71% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-12 that Taseko Mines is benefiting from the rally in the price of copper. The company’s Gibraltar open-pit copper mine in Canada generates strong cash flow while making progress on commissioning its newest asset in the state of Arizona by Q4 2025. We are bullish on the stock and see room for more upside.
Is It Worth Investing in Taseko Mines Ltd. (AMEX: TGB) Right Now?
Taseko Mines Ltd. (AMEX: TGB) has a higher price-to-earnings ratio of 12.37x compared to its average ratio. TGB has 36-month beta value of 1.93. Analysts have mixed views 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 282.48M, and currently, short sellers hold a 1.72% ratio of that float. The average trading volume of TGB on April 15, 2024 was 2.14M shares.
TGB’s Market Performance
TGB stock saw an increase of 5.71% in the past week, with a monthly gain of 39.25% and a quarterly increase of 78.62%. The volatility ratio for the week is 4.04%, and the volatility levels for the last 30 days are 5.38% for Taseko Mines Ltd. (TGB). The simple moving average for the past 20 days is 16.40% for TGB’s stock, with a 79.46% simple moving average for the past 200 days.
TGB Trading at 43.14% 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 0.48% of gains for the given period.
Volatility was left at 5.38%, however, over the last 30 days, the volatility rate increased by 4.04%, as shares surge +36.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +76.26% upper at present.
During the last 5 trading sessions, TGB rose by +6.48%, which changed the moving average for the period of 200-days by +94.68% in comparison to the 20-day moving average, which settled at $2.26. In addition, Taseko Mines Ltd. saw 85.00% 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 2.99. 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
To put it simply, Taseko Mines Ltd. (TGB) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
