Taseko Mines Ltd (TGB) kicked off at the price of $2.05: Venture capitalists have an exciting new opportunity

On Monday, Taseko Mines Ltd (AMEX: TGB) was 4.06% up from the session before settling in for the closing price of $1.97. A 52-week range for TGB has been $1.14 – $3.15.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Sponsored

During the last 5-year period, the sales growth of Basic Materials Sector giant was 9.15%. When this article was written, the company’s average yearly earnings per share was at 24.42%. With a float of $297.51 million, this company’s outstanding shares have now reached $304.45 million.

Let’s determine the extent of company efficiency that accounts for 797 employees. In terms of profitability, gross margin is 23.72%, operating margin of 11.48%, and the pretax margin is 21.71%.

Taseko Mines Ltd (TGB) Breakdown of a Key Holders of the stock

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Taseko Mines Ltd stocks. The insider ownership of Taseko Mines Ltd is 2.28%, while institutional ownership is 27.65%.

Taseko Mines Ltd (TGB) Recent Fiscal highlights

Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted 0.08 earnings per share (EPS) during the time that was better than consensus figure (set at 0.08) by -0. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.21 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 24.42% per share during the next fiscal year.

Taseko Mines Ltd (AMEX: TGB) Trading Performance Indicators

You can see what Taseko Mines Ltd (TGB) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.05. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.00.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.19, a number that is poised to hit 0.04 in the next quarter and is forecasted to reach 0.19 in one year’s time.

Technical Analysis of Taseko Mines Ltd (TGB)

Looking closely at Taseko Mines Ltd (AMEX: TGB), its last 5-days average volume was 12.11 million, which is a jump from its year-to-date volume of 3.04 million. As of the previous 9 days, the stock’s Stochastic %D was 7.51%. Additionally, its Average True Range was 0.13.

During the past 100 days, Taseko Mines Ltd’s (TGB) raw stochastic average was set at 27.91%, which indicates a significant increase from 16.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 86.96% in the past 14 days, which was higher than the 61.29% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $2.32, while its 200-day Moving Average is $2.24. However, in the short run, Taseko Mines Ltd’s stock first resistance to watch stands at $2.09. Second resistance stands at $2.13. The third major resistance level sits at $2.18. If the price goes on to break the first support level at $2.00, it is likely to go to the next support level at $1.95. Now, if the price goes above the second support level, the third support stands at $1.91.

Taseko Mines Ltd (AMEX: TGB) Key Stats

There are 300,197K outstanding shares of the company, which has a market capitalization of 867.54 million. As of now, sales total 388,900 K while income totals 61,280 K. Its latest quarter income was 114,070 K while its last quarter net income were -130 K.