Taseko Mines Limited [TGB] is 78.03% higher this YTD. Is it still time to buy?

Taseko Mines Limited [AMEX: TGB] traded at a low on 05/19/21, posting a -4.08 loss after which it closed the day’ session at $2.35. The company report on May 6, 2021 that Taseko Reports First Quarter 2021 Financial & Operating Results.

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This release should be read with the Company’s Financial Statements and Management Discussion & Analysis (“MD&A”), available at www.tasekomines.com and filed on www.sedar.com. Except where otherwise noted, all currency amounts are stated in Canadian dollars. Taseko’s 75% owned Gibraltar Mine is located north of the City of Williams Lake in south-central British Columbia. Production volumes stated in this release are on a 100% basis unless otherwise indicated.

Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) (“Taseko” or the “Company”) reports the results for the three months ended March 31, 2021.

The results of the trading session contributed to over 2982188 shares changing hands. Over the past one week, the price volatility of Taseko Mines Limited stands at 8.03% while the volatility over the past one month is 7.80%.

The market cap for TGB stock reached $652.64 million, with 282.85 million shares outstanding and 268.18 million shares in the current float. Compared to the average trading volume of 3.43M shares, TGB reached a trading volume of 2982188 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Taseko Mines Limited [TGB]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TGB shares is $2.03 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TGB stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

TD Securities have made an estimate for Taseko Mines Limited shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 16, 2020. The new note on the price target was released on May 22, 2020, representing the official price target for Taseko Mines Limited stock.

The Average True Range (ATR) for Taseko Mines Limited is set at 0.17, with the Price to Sales ratio for TGB stock in the period of the last 12 months amounting to 2.16. The Price to Book ratio for the last quarter was 2.64, with the Price to Cash per share for the same quarter was set at 0.59. Price to Free Cash Flow for TGB in the course of the last twelve months was 24.08 with Quick ratio for the last quarter at 3.10.

How has TGB stock performed recently?

Taseko Mines Limited [TGB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.08. With this latest performance, TGB shares gained by 28.42% in over the last four-week period, additionally plugging by 183.13% over the last 6 months – not to mention a rise of 489.27% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TGB stock in for the last two-week period is set at 57.82, with the RSI for the last a single of trading hit 55.22, and the three-weeks RSI is set at 58.72 for Taseko Mines Limited [TGB]. The present Moving Average for the last 50 days of trading for this stock 1.95, while it was recorded at 2.38 for the last single week of trading, and 1.36 for the last 200 days.

Taseko Mines Limited [TGB]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Taseko Mines Limited [TGB] shares currently have an operating margin of -2.86 and a Gross Margin at +3.08. Taseko Mines Limited’s Net Margin is presently recorded at -7.09.

Return on Total Capital for TGB is now -1.40, given the latest momentum, and Return on Invested Capital for the company is -3.56. Return on Equity for this stock declined to -7.60, with Return on Assets sitting at -2.62. When it comes to the capital structure of this company, Taseko Mines Limited [TGB] has a Total Debt to Total Equity ratio set at 114.50. Additionally, TGB Total Debt to Total Capital is recorded at 53.38, with Total Debt to Total Assets ending up at 39.92. Long-Term Debt to Equity for the company is recorded at 108.95, with the Long-Term Debt to Total Capital now at 50.79.

Reflecting on the efficiency of the workforce at the company, Taseko Mines Limited [TGB] managed to generate an average of -$29,777 per employee. Receivables Turnover for the company is 32.39 with a Total Asset Turnover recorded at a value of 0.37.Taseko Mines Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.10 and a Current Ratio set at 3.70.

Earnings analysis for Taseko Mines Limited [TGB]

With the latest financial reports released by the company, Taseko Mines Limited posted 0.06/share EPS, while the average EPS was predicted by analysts to be reported at 0.06/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TGB.

Insider trade positions for Taseko Mines Limited [TGB]

There are presently around $122 million, or 22.50% of TGB stock, in the hands of institutional investors. The top three institutional holders of TGB stocks are: BENEFIT STREET PARTNERS LLC with ownership of 11,693,811, which is approximately -6.715% of the company’s market cap and around 2.30% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 9,031,075 shares of the stock with an approximate value of $21.22 million in TGB stocks shares; and CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD., currently with $15.54 million in TGB stock with ownership of nearly 9.36% of the company’s market capitalization.

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Positions in Taseko Mines Limited stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 37 institutional holders increased their position in Taseko Mines Limited [AMEX:TGB] by around 10,878,889 shares. Additionally, 24 investors decreased positions by around 1,915,992 shares, while 18 investors held positions by with 39,214,942 shares. The mentioned changes placed institutional holdings at 52,009,823 shares, according to the latest SEC report filing. TGB stock had 14 new institutional investments in for a total of 4,623,169 shares, while 7 institutional investors sold positions of 644,648 shares during the same period.

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