At the time of writing, Taseko Mines Ltd. [TGB] stock is trading at $2.17, down -1.81%. An important factor to consider is whether the stock is rising or falling in short-term value. The TGB shares have gain 8.50% over the last week, with a monthly amount glided 46.62%, 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:
Previously, Stifel upgraded its rating to Buy on April 19, 2022. On December 16, 2020, upgrade upgraded it’s rating to Buy. Liberum started tracking the stock assigning a Buy rating. National Bank Financial downgraded its rating to a Sector Perform. TD Securities downgraded its rating to Hold for this stock on July 22, 2019. In a note dated July 05, 2019, BMO Capital Markets initiated an Outperform rating.
For the past year, the stock price of Taseko Mines Ltd. fluctuated between $1.05 and $2.25. Taseko Mines Ltd. [AMEX: TGB] shares were valued at $2.17 at the most recent close of the market.
Analyzing the TGB fundamentals
According to Taseko Mines Ltd. [AMEX:TGB], the company’s sales were 388.97M for trailing twelve months, which represents an 59.74% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.39.
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 2.14 points at the first support level, and at 2.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.21, and for the 2nd resistance point, it is at 2.25.
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
It is important to note that Taseko Mines Ltd. [AMEX:TGB] has a current ratio of 1.77. On the other hand, the Quick Ratio is 0.90, and the Cash Ratio is 0.68. Considering the valuation of this stock, the price to sales ratio is 1.62, the price to book ratio is 1.91 and price to earnings (TTM) ratio is 10.37.
