In the last trading session, 1.84 million shares of the Taseko Mines Limited (AMEX:TGB) were traded, and its beta was 2.01. Most recently the company’s share price was $1.77, and it changed around -$0.07 or -3.80% from the last close, which brings the market valuation of the company to $494.64M. TGB currently trades at a discount to its 52-week high of $2.41, offering almost -36.16% off that amount. The share price’s 52-week low was $0.89, which indicates that the current value has risen by an impressive 49.72% since then. We note from Taseko Mines Limited’s average daily trading volume that its 10-day average is 1.46 million shares, with the 3-month average coming to 1.53 million.

Taseko Mines Limited (AMEX:TGB) trade information

Instantly TGB has showed a red trend with a performance of -3.80% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.8500 on Tuesday, 01/17/23 increased the stock’s daily price by 4.32%. The company’s shares are currently up 20.41% year-to-date, but still up 2.91% over the last five days. On the other hand, Taseko Mines Limited (AMEX:TGB) is 37.21% up in the 30-day period. We can see from the shorts that 5.17 million shares have been sold at a short interest cover period of 3.35 day(s).

Taseko Mines Limited (TGB) estimates and forecasts

Taseko Mines Limited share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 84.38 percent over the past six months and at a -138.46% annual growth rate that is well below the industry average of 7.80%. Moreover, analysts have decided to roll up on their fiscal year 2023 revenue estimates. The rating firms predict that it will loss -112.50% in revenue this quarter, and will report a decrease of -100.00% in the next quarter. The year-over-year growth rate is expected to be -13.20%, down from the previous year.

Consensus estimates provided by 2 financial analysts predict the company will bring in an average of $64.94 million in revenue for the current quarter. 2 analysts expect Taseko Mines Limited to make $72.22 million in revenue for the quarter ending Dec 2022. Forecasts for the next quarter put sales growth at -10.80%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 23.70%.

TGB Dividends

Taseko Mines Limited’s next quarterly earnings report is expected to be released around February 20 and February 24.

Taseko Mines Limited (AMEX:TGB)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 3.38% of Taseko Mines Limited shares, and 23.57% of them are in the hands of institutional investors. The stock currently has a share float of 24.40%. Taseko Mines Limited stock is held by 123 institutions, with Benefit Street Partners, LLC being the largest institutional investor. By Jun 29, 2022, it held 3.44% of the shares, which is about 9.86 million shares worth $10.64 million.

Renaissance Technologies, LLC, with 2.51% or 7.18 million shares worth $7.76 million as of Jun 29, 2022, holds the second largest percentage of outstanding shares.

iShares U.S. Infrastructure ETF and Global X Fds-Global X Copper Miners ETF were the top two Mutual Funds as of Sep 29, 2022. The former held 9.55 million shares worth $10.88 million, making up 3.33% of all outstanding shares. On the other hand, Global X Fds-Global X Copper Miners ETF held roughly 5.87 million shares worth around $6.69 million, which represents about 2.05% of the total shares outstanding.

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