Taseko Mines Ltd. [TGB] stock prices are up 6.10% to $1.74 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TGB shares have gain 10.83% over the last week, with a monthly amount glided 28.89%, and seem to be holding up well over a long-time horizon.
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On 7, March 2024, Taseko Reports Strong Fourth Quarter Financial Performance and $190 Million of Adjusted EBITDA for 2023. In a post published today on Yahoo Finance, This release should be read with the Company’s Financial Statements and Management Discussion & Analysis (“MD&A”), available at www.tasekomines.com and filed on www.sedar.com. Except where otherwise noted, all currency amounts are stated in Canadian dollars. Taseko’s 87.5% owned Gibraltar Mine is located north of the City of Williams Lake in south-central British Columbia. Production and sales volumes stated in this release are on a 100% basis unless otherwise indicated.
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.
The stock price of Taseko Mines Ltd. [TGB] has been fluctuating between $1.05 and $1.79 over the past year. Taseko Mines Ltd. [AMEX: TGB] shares were valued at $1.74 at the most recent close of the market.
Analyzing the TGB fundamentals
The Taseko Mines Ltd. [AMEX:TGB] reported sales of 388.97M for trailing twelve months, representing a surge of 59.74%. 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 1.6850 points at the first support level, and at 1.6300 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.7700, and for the 2nd resistance point, it is at 1.8000.
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
It’s worth pointing out that Taseko Mines Ltd. [AMEX:TGB]’s Current Ratio is 1.77. In addition, the Quick Ratio stands at 0.90 and 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 1.53 and price to earnings (TTM) ratio is 8.31.
