A share price of Taseko Mines Ltd. [TGB] is currently trading at $1.55, up 4.73%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TGB shares have gain 4.73% over the last week, with a monthly amount drifted -0.64%, and not seem to be holding up well over a long-time horizon.
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On 16, January 2024, Taseko Provides Financing and Construction Update for the Florence Copper Project. In a post published today on Yahoo Finance, Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) (“Taseko” or the “Company”) is pleased to provide an update on financing and construction progress at its Florence Copper project.
From an analyst’s perspective:
Taseko Mines Ltd. [AMEX: TGB] stock has seen the most recent analyst activity on April 19, 2022, when Stifel upgraded its rating to a Buy. Previously, TD Securities upgraded its rating to Buy on December 16, 2020. On May 22, 2020, Liberum initiated with a Buy rating. National Bank Financial downgraded its rating to a Sector Perform. TD Securities downgraded its rating to a Hold. In a note dated April 10, 2018, National Bank Financial upgraded an Outperform rating on this stock.
Taseko Mines Ltd. experienced fluctuations in its stock price throughout the past year between $1.05 and $1.84. Taseko Mines Ltd. [AMEX: TGB] shares were valued at $1.55 at the most recent close of the market.
Analyzing the TGB fundamentals
Trailing Twelve Months sales for Taseko Mines Ltd. [AMEX:TGB] were 346.52M which represents 53.45% growth. Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at 0.2%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.04 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.89.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.4933 points at the first support level, and at 1.4367 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.5833, and for the 2nd resistance point, it is at 1.6167.
Taseko Mines Ltd. [TGB] reported earnings per share of $0.05 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.02/share, meaning a difference of $0.03 and a surprise factor of 150.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.01 per share as compared to estimates of $0.01 per share, a difference of -$0.02 representing a surprise of -200.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Taseko Mines Ltd. [AMEX:TGB] is 1.89. Also, the Quick Ratio is 0.85, while the Cash Ratio stands at 0.66. Considering the valuation of this stock, the price to sales ratio is 1.29, the price to book ratio is 1.61 and price to earnings (TTM) ratio is 46.69.
