The stock price of Taseko Mines Ltd (AMEX: TGB) has surged by 0.73 when compared to previous closing price of 2.05, but the company has seen a 6.99% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-07 that Call Start: 11:00 January 1, 0000 11:20 AM ET Taseko Mines Limited (NYSE:TGB ) Q3 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Brian Bergot – Vice President-Investor Relations Stuart McDonald – President and Chief Executive Officer Bryce Hamming – Chief Financial Officer Richard Tremblay – Chief Operating Officer Conference Call Participants Alex Bedwany – Canaccord Genuity Nicholas Clarke – TD Cowen Operator Good day and thank you for standing by. Welcome to the Taseko Mines Third Quarter 2024 Earnings Conference Call.
Is It Worth Investing in Taseko Mines Ltd (AMEX: TGB) Right Now?
Taseko Mines Ltd (AMEX: TGB) has a price-to-earnings ratio that is above its average at 10.85x. The stock has a 36-month beta value of 1.71. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 3 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for TGB is 297.56M, and at present, short sellers hold a 0.56% of that float. On January 07, 2025, the average trading volume of TGB was 3.61M shares.
TGB’s Market Performance
TGB stock saw an increase of 6.99% in the past week, with a monthly gain of 2.23% and a quarterly increase of -22.08%. The volatility ratio for the week is 3.93%, and the volatility levels for the last 30 days are 4.41% for Taseko Mines Ltd (TGB). The simple moving average for the last 20 days is 2.44% for TGB stock, with a simple moving average of -10.56% for the last 200 days.
TGB Trading at -1.42% 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 -34.44% of loss for the given period.
Volatility was left at 4.41%, however, over the last 30 days, the volatility rate increased by 3.93%, as shares surge +5.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.13% lower at present.
During the last 5 trading sessions, TGB rose by +6.99%, which changed the moving average for the period of 200-days by +3.25% in comparison to the 20-day moving average, which settled at $2.02. In addition, Taseko Mines Ltd saw 6.44% 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:
- 0.15 for the present operating margin
- 0.24 for the gross margin
The net margin for Taseko Mines Ltd stands at 0.13. The total capital return value is set at 0.05. Equity return is now at value 17.47, with 4.27 for asset returns.
Based on Taseko Mines Ltd (TGB), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 1.5. The interest coverage ratio of the stock is 1.49.
Currently, EBITDA for the company is 233.23 million with net debt to EBITDA at 3.3. When we switch over and look at the enterprise to sales, we see a ratio of 2.39. The receivables turnover for the company is 61.78for 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 1.71.
Conclusion
To sum up, Taseko Mines Ltd (TGB) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
