Analysts Update Their Price Forecasts For Taseko Mines Ltd (TGB)

Taseko Mines Ltd (TGB) concluded trading on Thursday at a closing price of $1.98, with 5.84 million shares of worth about $11.56 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -11.21% during that period and on January 23, 2025 the price saw a gain of about 1.02%. Currently the company’s common shares owned by public are about 300.20M shares, out of which, 297.41M shares are available for trading.

Stock saw a price change of -3.41% in past 5 days and over the past one month there was a price change of 3.66%. Year-to-date (YTD), TGB shares are showing a performance of 2.06% which increased to 54.69% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.29 but also hit the highest price of $3.15 during that period. The average intraday trading volume for Taseko Mines Ltd shares is 3.83 million. The stock is currently trading -1.57% below its 20-day simple moving average (SMA20), while that difference is down -2.86% for SMA50 and it goes to -13.88% lower than SMA200.

Taseko Mines Ltd (AMEX: TGB) currently have 300.20M outstanding shares and institutions hold larger chunk of about 27.93% of that.

The stock has a current market capitalization of $602.81M and its 3Y-monthly beta is at 1.70. PE ratio of stock for trailing 12 months is 10.40, 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 3.67% while standing at 4.25% over the month.

Analysts are in expectations that Taseko Mines Ltd (TGB) stock would likely to be making an EPS of 0.05 in the current quarter, while forecast for next quarter EPS is 0.03 and it is 0.27 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.04 which is 0.08 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.08 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 21.84% while it is estimated to increase by 32.53% in next year.

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

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