A share price of Taseko Mines Ltd. [TGB] is currently trading at $2.19, up 6.31%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TGB shares have gain 4.78% over the last week, with a monthly amount drifted -10.61%, and not seem to be holding up well over a long-time horizon.
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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.
Taseko Mines Ltd. experienced fluctuations in its stock price throughout the past year between $1.05 and $3.15. Currently, Wall Street analysts expect the stock to reach $3.75 within the next 12 months. Taseko Mines Ltd. [AMEX: TGB] shares were valued at $2.19 at the most recent close of the market. An investor can expect a potential return of 71.23% based on the average TGB price forecast.
Analyzing the TGB fundamentals
Trailing Twelve Months sales for Taseko Mines Ltd. [AMEX:TGB] were 413.62M which represents 29.28% growth. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.3%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.24 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 1.33.
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 2.12 points at the first support level, and at 2.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.25, and for the 2nd resistance point, it is at 2.31.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Taseko Mines Ltd. [AMEX:TGB] is 1.97. Further, the Quick Ratio stands at 1.11, while the Cash Ratio is 0.96. Considering the valuation of this stock, the price to sales ratio is 1.54, the price to book ratio is 1.85 and price to earnings (TTM) ratio is 8.90.
