Taseko Mines Ltd [AMEX: TGB] loss -3.29% on the last trading session, reaching $2.06 price per share at the time.
If compared to the average trading volume of 3.35M shares, TGB reached a trading volume of 8174331 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Taseko Mines Ltd [TGB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TGB shares is $3.05 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 1.00. 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.
National Bank Financial have made an estimate for Taseko Mines Ltd shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on December 10, 2024. While these analysts kept the previous recommendation, Stifel raised their target price to Buy. The new note on the price target was released on March 26, 2024, representing the official price target for Taseko Mines Ltd stock.
The Average True Range (ATR) for Taseko Mines Ltd is set at 0.10, with the Price to Sales ratio for TGB stock in the period of the last 12 months amounting to 1.44. The Price to Book ratio for the last quarter was 1.74, with the Price to Cash per share for the same quarter was set at 0.51.
Trading performance analysis for TGB stock
Taseko Mines Ltd [TGB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.37. With this latest performance, TGB shares gained by 1.98% in over the last four-week period, additionally sinking by -11.21% over the last 6 months – not to mention a rise of 35.53% 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 51.09, with the RSI for the last a single of trading hit 49.39, and the three-weeks RSI is set at 50.89 for Taseko Mines Ltd [TGB]. The present Moving Average for the last 50 days of trading for this stock 2.02, while it was recorded at 2.15 for the last single week of trading, and 2.26 for the last 200 days.
Taseko Mines Ltd [TGB]: A deeper dive into fundamental analysis
Taseko Mines Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.05 and a Current Ratio set at 1.71.
Taseko Mines Ltd [TGB]: An earnings per share (EPS) analysis
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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Taseko Mines Ltd go to 43.77%.
An analysis of Institutional ownership at Taseko Mines Ltd [TGB]
The top three institutional holders of TGB stocks are: MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. with ownership of 10.01 million shares, which is approximately 3.4458%. TOROSO INVESTMENTS, LLC, holding 7.51 million shares of the stock with an approximate value of $$18.4 million in TGB stocks shares; and TOROSO INVESTMENTS, LLC, currently with $$16.93 million in TGB stock with ownership which is approximately 2.5102%.
