There is no way Taseko Mines Ltd (TGB) can keep these numbers up

With 4.46 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.86 million shares. During the session, the Copper company that operates in wider Basic Materials sector, reached to the highest price of $2.04 whereas the lowest price it dropped to was $1.94. The 52-week range on TGB shows that it touched its highest point at $3.15 and its lowest point at $1.27 during that stretch. It currently has a 1-year price target of $3.09. Beta for the stock currently stands at 1.71.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TGB was down-trending over the past week, with a drop of -4.27%, but this was up by 2.54% over a month. Three-month performance dropped to -4.72% while six-month performance fell -21.71%. The stock gained 46.38% in the past year, while it has gained 44.29% so far this year. A look at the trailing 12-month EPS for TGB yields 0.19 with Next year EPS estimates of 0.19. For the next quarter, that number is 0.04. This implies an EPS growth rate of 33.67% for this year and 25.82% for next year.

Float and Shares Shorts:

At present, 300.20 million TGB shares are outstanding with a float of 297.56 million shares on hand for trading. On 2024-11-29, short shares totaled 1.23 million, which was 41.0 higher than short shares on 1730332800. In addition to Mr. Stuart McDonald CA, CPA as the firm’s President, CEO & Director, Mr. Bryce Hamming BBA CA, CPA serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 0.30736 of TGB’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, TGB reported revenue of $155617000.0 and operating income of $19036000.0. The EBITDA in the recently reported quarter was $38622000.0 and diluted EPS was -$0.00061.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TGB since 5 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With TGB analysts setting a high price target of 3.632137 and a low target of 3.632137, the average target price over the next 12 months is 3.632137. Based on these targets, TGB could surge 79.81% to reach the target high and rise by 79.81% to reach the target low. Reaching the average price target will result in a growth of 79.81% from current levels.

Analysts have provided yearly estimates in a range of $0.2088 being high and $0.16965 being low. For TGB, this leads to a yearly average estimate of $0.19576. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.