At the time of writing, Taseko Mines Ltd [TGB] stock is trading at $2.10, down -1.41%. 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 gain 5.00% over the last week, with a monthly amount glided 0.48%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Taseko Mines Ltd [AMEX: TGB] stock has seen the most recent analyst activity on December 10, 2024, when National Bank Financial upgraded its rating to a Outperform. On April 19, 2022, upgrade upgraded it’s rating to Buy. TD Securities upgraded its rating to a Buy. Liberum initiated its recommendation with a Buy. National Bank Financial downgraded its rating to Sector Perform for this stock on November 18, 2019. In a note dated July 22, 2019, TD Securities downgraded an Hold rating on this stock.
For the past year, the stock price of Taseko Mines Ltd fluctuated between $1.27 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 $2.10 at the most recent close of the market. An investor can expect a potential return of 78.57% based on the average TGB price forecast.
Analyzing the TGB fundamentals
According to Taseko Mines Ltd [AMEX:TGB], the company’s sales were 434.35M for trailing twelve months, which represents an 6.59% jump. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.22%, 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 0.16 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.5.
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 2.04 points at the first support level, and at 1.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.22, and for the 2nd resistance point, it is at 2.34.
Ratios To Look Out For
It is important to note that Taseko Mines Ltd [AMEX:TGB] has a current ratio of 1.71. Also, the Quick Ratio is 1.05, while the Cash Ratio stands at 0.97. Considering the valuation of this stock, the price to sales ratio is 1.47, the price to book ratio is 1.77 and price to earnings (TTM) ratio is 11.03.
