A new trading day began on Friday, with Taseko Mines Ltd (AMEX: TGB) stock price up 1.79% from the previous day of trading, before settling in for the closing price of $2.23. TGB’s price has ranged from $1.06 to $3.15 over the past 52 weeks.
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A company in the Basic Materials sector has jumped its sales by 9.15% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 58.42%. With a float of $286.66 million, this company’s outstanding shares have now reached $290.00 million.
In an organization with 797 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 27.15%, operating margin of 22.8%, and the pretax margin is 24.51%.
Taseko Mines Ltd (TGB) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Copper Industry. The insider ownership of Taseko Mines Ltd is 2.28%, while institutional ownership is 27.66%.
Taseko Mines Ltd (TGB) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.05 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 58.42% per share during the next fiscal year.
Taseko Mines Ltd (AMEX: TGB) Trading Performance Indicators
Here are Taseko Mines Ltd’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.34. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.21.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.19, a number that is poised to hit 0.01 in the next quarter and is forecasted to reach 0.24 in one year’s time.
Technical Analysis of Taseko Mines Ltd (TGB)
Let’s dig in a bit further. During the last 5-days, its volume was 3.21 million. That was better than the volume of 2.79 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 29.69%. Additionally, its Average True Range was 0.11.
During the past 100 days, Taseko Mines Ltd’s (TGB) raw stochastic average was set at 52.27%, which indicates a significant increase from 32.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.53% in the past 14 days, which was lower than the 55.29% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.31, while its 200-day Moving Average is $2.20. However, in the short run, Taseko Mines Ltd’s stock first resistance to watch stands at $2.34. Second resistance stands at $2.42. The third major resistance level sits at $2.50. If the price goes on to break the first support level at $2.18, it is likely to go to the next support level at $2.10. Assuming the price breaks the second support level, the third support level stands at $2.02.
Taseko Mines Ltd (AMEX: TGB) Key Stats
With a market capitalization of 946.60 million, the company has a total of 300,197K Shares Outstanding. Currently, annual sales are 388,900 K while annual income is 61,280 K. The company’s previous quarter sales were 100,640 K while its latest quarter income was -8,000 K.
