Taseko Mines Ltd. [TGB] stock is trading at $2.14, up 7.54%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TGB shares have gain 10.31% over the last week, with a monthly amount glided 42.67%, and seem to be holding up well over a long-time horizon.
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On 25, March 2024, Taseko Acquires 100% of Gibraltar Mine. 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 announce that it has entered into a definitive agreement (“Agreement”) to acquire the remaining 12.5% interest in the Gibraltar Mine from Dowa Metals & Mining Co., Ltd. (“Dowa”) and Furukawa Co., Ltd. (“Furukawa”). Under the terms of the Agreement, Taseko will acquire Dowa and Furukawa’s shares in Cariboo Copper Corp (“Cariboo”) and will then own 100% of Cariboo shares and have an effective 100% interest in the Gibraltar Mine.
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. [TGB] stock has fluctuated between $1.05 and $2.08 over the past year. Taseko Mines Ltd. [AMEX: TGB] shares were valued at $2.14 at the most recent close of the market.
Analyzing the TGB fundamentals
Taseko Mines Ltd. [AMEX:TGB] reported sales of 388.97M for the trailing twelve months, which represents a growth of 59.74%. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.22 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.39.
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 1.9800 points at the first support level, and at 1.8200 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.2300, and for the 2nd resistance point, it is at 2.3100.
Taseko Mines Ltd. [TGB] reported earnings per share of $0.06 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.06/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.05 per share as compared to estimates of $0.02 per share, a difference of $0.03 representing a surprise of 150.00%.
Ratios To Look Out For
For context, Taseko Mines Ltd.’s Current Ratio is 1.77. As well, the Quick Ratio is 0.90, while the Cash Ratio is 0.68. Considering the valuation of this stock, the price to sales ratio is 1.60, the price to book ratio is 1.88 and price to earnings (TTM) ratio is 10.22.
