A new trading day began on Tuesday, with Taseko Mines Ltd (AMEX: TGB) stock price up 5.19% from the previous day of trading, before settling in for the closing price of $4.05. TGB’s price has ranged from $1.67 to $4.84 over the past 52 weeks.
During the last 5-year period, the sales growth of Basic Materials Sector giant was 27.43%. Meanwhile, its annual earnings per share averaged -24.43%. With a float of $350.31 million, this company’s outstanding shares have now reached $358.82 million.
Taseko Mines Ltd (TGB) Insider Activity
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 2.37%, while institutional ownership is 31.34%.
Taseko Mines Ltd (TGB) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.03 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 0.13 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -24.43% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 58.74% during the next five years compared to 27.43% growth over the previous five years of trading.
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 0.61. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.68.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.06, a number that is poised to hit 0.02 in the next quarter and is forecasted to reach 0.35 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 7.49 million, which is a drop from its year-to-date volume of 8.84 million. As of the previous 9 days, the stock’s Stochastic %D was 61.61%.
During the past 100 days, Taseko Mines Ltd’s (TGB) raw stochastic average was set at 72.77%, which indicates a significant increase from 50.85% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.22 in the past 14 days, which was higher than the 0.16 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.78, while its 200-day Moving Average is $2.81. However, in the short run, Taseko Mines Ltd’s stock first resistance to watch stands at $4.37. Second resistance stands at $4.49. The third major resistance level sits at $4.68. If the price goes on to break the first support level at $4.07, it is likely to go to the next support level at $3.88. Should the price break the second support level, the third support level stands at $3.76.
Taseko Mines Ltd (AMEX: TGB) Key Stats
With a market capitalization of 1.53 billion, the company has a total of 358,825K Shares Outstanding. Currently, annual sales are 443,790 K while annual income is -9,810 K. The company’s previous quarter sales were 83,930 K while its latest quarter income was 15,810 K.
