At the time of writing, Taseko Mines Ltd. [TGB] stock is trading at $2.35, up 3.07%. 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 lost -0.84% over the last week, with a monthly amount drifted -2.89%, 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.
For the past year, the stock price of Taseko Mines Ltd. fluctuated 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 $2.35 at the most recent close of the market. An investor can expect a potential return of 59.57% based on the average TGB price forecast.
Analyzing the TGB fundamentals
According to Taseko Mines Ltd. [AMEX:TGB], the company’s sales were 427.37M for trailing twelve months, which represents an 16.10% jump. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.18 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.57.
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 2.30 points at the first support level, and at 2.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.39, and for the 2nd resistance point, it is at 2.42.
Ratios To Look Out For
It is important to note that Taseko Mines Ltd. [AMEX:TGB] has a current ratio of 2.09. Also, the Quick Ratio is 1.34, while the Cash Ratio stands at 1.09. Considering the valuation of this stock, the price to sales ratio is 1.61, the price to book ratio is 2.04 and price to earnings (TTM) ratio is 12.17.
