The stock price of Taseko Mines Ltd. (AMEX: TGB) has plunged by -1.54 when compared to previous closing price of 1.94, but the company has seen a -4.01% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-07-31 that This release should be read with the Company’s Financial Statements and Management Discussion & Analysis (“MD&A”), available at www.tasekomines.com and filed on www.sedarplus.com . Except where otherwise noted, all currency amounts are stated in Canadian dollars.
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 9.89x compared to its average ratio. TGB has 36-month beta value of 1.77. 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 286.62M, and currently, short sellers hold a 0.73% ratio of that float. The average trading volume of TGB on September 10, 2024 was 2.77M shares.
TGB’s Market Performance
TGB’s stock has seen a -4.01% decrease for the week, with a -4.97% drop in the past month and a -22.03% fall in the past quarter. The volatility ratio for the week is 5.85%, and the volatility levels for the past 30 days are at 4.47% for Taseko Mines Ltd. The simple moving average for the last 20 days is -11.26% for TGB stock, with a simple moving average of -4.25% for the last 200 days.
TGB Trading at -13.88% 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 -39.36% of loss for the given period.
Volatility was left at 4.47%, however, over the last 30 days, the volatility rate increased by 5.85%, as shares sank -7.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -22.24% lower at present.
During the last 5 trading sessions, TGB fell by -4.27%, which changed the moving average for the period of 200-days by +57.44% in comparison to the 20-day moving average, which settled at $2.1447. In addition, Taseko Mines Ltd. saw 36.44% 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:
- 0.23 for the present operating margin
- 0.27 for the gross margin
The net margin for Taseko Mines Ltd. stands at 0.13. The total capital return value is set at 0.07. Equity return is now at value 18.35, with 4.46 for asset returns.
Based on Taseko Mines Ltd. (TGB), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 1.57. The interest coverage ratio of the stock is 2.26.
Currently, EBITDA for the company is 186.44 million with net debt to EBITDA at 2.88. When we switch over and look at the enterprise to sales, we see a ratio of 2.27. The receivables turnover for the company is 16.91for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.09.
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.
