The stock price of Taseko Mines Ltd. (AMEX: TGB) has dropped by 0.00 compared to previous close of 2.39. Despite this, the company has seen a fall of -2.45% in its stock price over the last five trading days. zacks.com reported 2024-10-17 that Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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 12.38x. The 36-month beta value for TGB is also noteworthy at 1.75. 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.”
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The public float for TGB is 286.66M, and at present, short sellers hold a 0.70% of that float. The average trading volume of TGB on October 22, 2024 was 2.95M shares.
TGB’s Market Performance
The stock of Taseko Mines Ltd. (TGB) has seen a -2.45% decrease in the past week, with a 5.75% rise in the past month, and a 7.17% gain in the past quarter. The volatility ratio for the week is 3.99%, and the volatility levels for the past 30 days are at 3.71% for TGB. The simple moving average for the past 20 days is -4.53% for TGB’s stock, with a 10.86% simple moving average for the past 200 days.
TGB Trading at 4.56% 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 -24.13% of loss for the given period.
Volatility was left at 3.71%, however, over the last 30 days, the volatility rate increased by 3.99%, as shares surge +5.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.91% upper at present.
During the last 5 trading sessions, TGB fell by -2.45%, which changed the moving average for the period of 200-days by +78.36% in comparison to the 20-day moving average, which settled at $2.50. In addition, Taseko Mines Ltd. saw 70.71% 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 2.63. 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
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’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.
