Look For Institutional Buying In Taseko Mines Ltd (AMEX: TGB)

Taseko Mines Ltd (TGB) concluded trading on Thursday at a closing price of $2.02, with 3.88 million shares of worth about $7.83 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -11.79% during that period and on January 16, 2025 the price saw a loss of about -1.46%. Currently the company’s common shares owned by public are about 300.20M shares, out of which, 297.56M shares are available for trading.

Stock saw a price change of -5.16% in past 5 days and over the past one month there was a price change of -2.88%. Year-to-date (YTD), TGB shares are showing a performance of 4.12% which increased to 43.26% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.27 but also hit the highest price of $3.15 during that period. The average intraday trading volume for Taseko Mines Ltd shares is 3.71 million. The stock is currently trading 0.77% above its 20-day simple moving average (SMA20), while that difference is down -2.19% for SMA50 and it goes to -12.43% lower than SMA200.

Taseko Mines Ltd (AMEX: TGB) currently have 300.20M outstanding shares and institutions hold larger chunk of about 27.59% of that.

The stock has a current market capitalization of $614.99M and its 3Y-monthly beta is at 1.71. PE ratio of stock for trailing 12 months is 10.61, while it has posted earnings per share of $0.19 in the same period. It has Quick Ratio of 1.05 while making debt-to-equity ratio of 1.54. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TGB, volatility over the week remained 5.43% while standing at 4.55% over the month.

Stock’s fiscal year EPS is expected to rise by 25.82% while it is estimated to increase by 25.93% in next year.

Stock get a Buy rating from Liberum on May 22, 2020.

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