Financial Metrics Exploration: Understanding Taseko Mines Ltd (TGB) Through Ratios

Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.

The closing price of Taseko Mines Ltd (AMEX: TGB) was $1.97 for the day, down -1.50% from the previous closing price of $2.00. In other words, the price has decreased by -$1.50 from its previous closing price. On the day, 0.62 million shares were traded. TGB stock price reached its highest trading level at $2.025 during the session, while it also had its lowest trading level at $1.97.

Ratios:

Our analysis of TGB’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.05 and its Current Ratio is at 1.71. In the meantime, Its Debt-to-Equity ratio is 1.54 whereas as Long-Term Debt/Eq ratio is at 1.48.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TGB now has a Market Capitalization of 601448896 and an Enterprise Value of 1134958720. As of this moment, Taseko’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.66, and their Forward P/E ratio for the next fiscal year is 10.85. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.42 while its Price-to-Book (P/B) ratio in mrq is 1.71. Its current Enterprise Value per Revenue stands at 1.949 whereas that against EBITDA is 8.064.

Stock Price History:

Over the past 52 weeks, TGB has reached a high of $3.15, while it has fallen to a 52-week low of $1.27. The 50-Day Moving Average of the stock is -8.59%, while the 200-Day Moving Average is calculated to be -14.57%.

Shares Statistics:

TGB traded an average of 3.80M shares per day over the past three months and 3021030 shares per day over the past ten days. A total of 300.20M shares are outstanding, with a floating share count of 297.56M. Insiders hold about 2.26% of the company’s shares, while institutions hold 27.65% stake in the company. Shares short for TGB as of 1732838400 were 1234167 with a Short Ratio of 0.44, compared to 1730332800 on 2838009.

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