Worthy Analytical Review for Taseko Mines Ltd. (NYSE:TGB)


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Taseko Mines Ltd. (NYSE:TGB) for the period of 9-Day stands at 50.23% while the stochastic %D for the same period stands at 60.59%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Taseko Mines Ltd. (NYSE:TGB) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Buy” for Taseko Mines Ltd. (NYSE:TGB) while 20-100 Day MACD Oscillator indicates “Buy”.

Bollinger band is a volatility indicator of a certain security, currently Taseko Mines Ltd. (NYSE:TGB)’s 20-Day Bollinger Band indicates “Hold”.

About Company

Taseko Mines is focused on acquiring ownership of and advancing exploration and related activities on known mineral deposits that have as their basic characteristic, large tonnage (based on extensive drill testing for continuity) mineralization which, under metals price assumptions that fall within historical averages, are potentially capable of supporting a mine for 10 years and longer.

Previous Day Activity Analysis

On the last trading day, Taseko Mines Ltd. (NYSE:TGB) opened the session at $2.27 and after going down -1.76% closed at $2.23. The stock lost -0.04 points in the last trade.

Taseko Mines Ltd. (NYSE:TGB)’s stock fluctuated in the range of $2.14 and $2.27 during the previous active session. Taseko Mines Ltd. (NYSE:TGB) traded with the volume of 884538 with average volume of 1.22 Million. The stock has MEDIUM volatility on the last trading session.

Currently the Beta for the company remains at 2.79 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.13 and 64.42 respectively.

Currently the Insider Ownership of the shares of Taseko Mines Ltd. (NYSE:TGB) is at 2.3% and the shares outstanding are 228.19 Million.

Important Ratio Analysis

Some important ratios to consider here for Taseko Mines Ltd. (NYSE:TGB) are discussed below:

Dividend yield of Taseko Mines Ltd. (NYSE:TGB) stands at 0% whereas Price to Earnings P/E ratio stands at 57.18 while Forward P/E shows the value of 17.42.

The Price to Sale P/S and Price to Book P/B shows the value of 1.79 and 1.74 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 6.46 and 4.83 correspondingly.

The Quick Ratio of Taseko Mines Ltd. (NYSE:TGB) stands at 2 while the Current Ratio depicts the value of 3.

Return on Assets ROA of Taseko Mines Ltd. (NYSE:TGB) is at 1.1% whereas, Return on Equity ROE and Return of Investment ROI of Taseko Mines Ltd. (NYSE:TGB) stand at 3.2% and -1.5% respectively.

Stock Performance Analysis

The stock performance of Taseko Mines Ltd. (NYSE:TGB) on the basis of 5 day trade show the dip of -4.7% whereas, the monthly performance of the stock shows increase of 19.89%.

The quarterly performance of the stock remained in green zone with the value of 60.43% while six month performance of the shares of Taseko Mines Ltd. (NYSE:TGB) remained bullish with the count of 122.84%.

The yearly and YTD performance of Taseko Mines Ltd. (NYSE:TGB) remained up at 420.91% and 161.64% respectively.