In the past week, TGB stock has gone down by -4.69%, with a monthly decline of -14.15% and a quarterly surge of 20.36%. The volatility ratio for the week is 5.06%, and the volatility levels for the last 30 days are 4.82% for Taseko Mines Ltd. The simple moving average for the past 20 days is -11.60% for TGB’s stock, with a 37.33% simple moving average for the past 200 days.
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 9.49x compared to its average ratio. TGB has 36-month beta value of 1.76. 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.”
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The public float for TGB is 285.26M, and currently, short sellers hold a 0.64% ratio of that float. The average trading volume of TGB on June 17, 2024 was 3.60M shares.
TGB) stock’s latest price update
Taseko Mines Ltd. (AMEX: TGB)’s stock price has increased by 0.65 compared to its previous closing price of 2.32. However, the company has seen a -4.69% decrease in its stock price over the last five trading sessions. prnewswire.com reported 2024-06-16 that VANCOUVER, BC, June 16, 2024 /PRNewswire/ – Taseko Mines Limited (TSX: TKO) (NYSE MKT: TGB) (LSE: TKO) (“Taseko” or the “Company”) announced today that a tentative agreement has been reached with the unionized workforce at its Gibraltar Mine. The agreement is subject to ratification by union members and voting is expected to occur on Monday and Tuesday this week.
TGB Trading at -8.67% 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 -25.87% of loss for the given period.
Volatility was left at 4.82%, however, over the last 30 days, the volatility rate increased by 5.06%, as shares sank -20.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.42% lower at present.
During the last 5 trading sessions, TGB fell by -3.27%, which changed the moving average for the period of 200-days by +70.50% in comparison to the 20-day moving average, which settled at $2.61. In addition, Taseko Mines Ltd. saw 66.79% 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:
- 0.21 for the present operating margin
- 0.26 for the gross margin
The net margin for Taseko Mines Ltd. stands at 0.17. The total capital return value is set at 0.07. Equity return is now at value 23.48, with 6.00 for asset returns.
Based on Taseko Mines Ltd. (TGB), the company’s capital structure generated 0.57 points at debt to capital in total, while cash flow to debt ratio is standing at 0.25. The debt to equity ratio resting at 1.33. The interest coverage ratio of the stock is 2.33.
Currently, EBITDA for the company is 186.44 million with net debt to EBITDA at 2.75. When we switch over and look at the enterprise to sales, we see a ratio of 2.58. The receivables turnover for the company is 41.9for trailing twelve months and the total asset turnover is 0.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.97.
Conclusion
To put it simply, Taseko Mines Ltd. (TGB) has had a mixed 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’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.
