Taseko Mines Ltd [AMEX: TGB] stock went on an upward path that rose over 4.13% on Tuesday, amounting to a one-week price increase of more than 13.49%.
Over the last 12 months, TGB stock rose by 69.07%. The one-year Taseko Mines Ltd stock forecast points to a potential downside of -405539258.6. The average equity rating for TGB stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $1.04 billion, with 315.88 million shares outstanding and 307.57 million shares in the current float. Compared to the average trading volume of 13.91M shares, TGB stock reached a trading volume of 12058455 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $3.43 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 Price to Book ratio for the last quarter was 2.93, with the Price to Cash per share for the same quarter was set at 0.27.
TGB Stock Performance Analysis:
Taseko Mines Ltd [TGB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.49. With this latest performance, TGB shares gained by 47.09% in over the last four-week period, additionally plugging by 65.66% over the last 6 months – not to mention a rise of 69.07% in the past year of trading.
Insight into Taseko Mines Ltd Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Taseko Mines Ltd [TGB] shares currently have an operating margin of 13.22% and a Gross Margin at 16.83%. Taseko Mines Ltd’s Net Margin is presently recorded at -10.03%.
Return on Equity for this stock declined to -2.98%, with Return on Assets sitting at -2.98%.
TGB Stock EPS
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 60.55%.
Taseko Mines Ltd [TGB] Institutonal Ownership Details
There are presently around $34.32%, or 35.13%% of TGB stock, in the hands of institutional investors. 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 3.6552%. TOROSO INVESTMENTS, LLC, holding 7.51 million shares of the stock with an approximate value of $$18.4 million in TGB stocks shares; and TOROSO INVESTMENTS, LLC, currently with $$17.74 million in TGB stock with ownership which is approximately 2.6294%.
