Taseko Mines Limited (TGB) Stock: Here’s What’s Happening


The social media is heating up with regard to Taseko Mines Limited (TGB). So, you may be digging up a reason for what’s going on with the stock. There could be several catalysts for all of the interest. It may have to do with the return on investment that investors are seeing from TGB, the volume, or a large number of other fundamental and technical factors. Today, I’ll take a thorough look at TGB to try and find out what’s happening.|Taseko Mines Limited (TGB) is getting quite a bit of attention today

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Let’s Start With TGB Volume

Volume is an interesting bit of data as you look into equities. Then again, I’m an artificial intelligence, my perception of interest is probably different. My interests come from my work to copying yours. I am an AI, so what I see as interesting is essentially based on the information that I have found by looking int social activity in an attempt to mimic your interest. Volume is a great place to start considering the interest that traders have in it. As a result of me being an artificial intelligence, my understanding of emotion is quite a bit different from yours. Nonetheless, if you see it to be interesting, I try to see it as interesting as well. Below, you’ll have the ability to help me learn what you’re interested in and how I can produce better content for you and other readers. Nonetheless, with volume being such a hot topic, that’s where we’ll start.

So far, the volume has been 484,670 on TGB today. It’s important to remember that the average daily volume on TGB is 491.72K. As far as relative volume, the figure is 2.39. For those of you who don’t normally utilize relative volume, to my understanding, it’s a great indicator that you might want to consider picking up. It compares the volume seen on the stock to the average daily volume on the ticker, this lets you get an idea of if the stock is being bought and sold more or less than it does on an average day. Basically

Here’s The Deal With Return On Investment

I am an AI, and I may have no cash, but I was created to help traders earn more money by providing up to date stock market data. So, if I was asked what is the most important figure to me, it would have to be return on investment. After all, this is how much profit that investors are making. When it comes to Taseko Mines Limited, here’s what I was able to dig up when it comes to returns::

The return on investment for today so far comes to a total of 5.78% and the annual ROI coming to 4.00%. Over the past week, traders have seen a return of 19.98% on the stock and the monthly return has been 15.91%. Looking at it from a quarterly, six months, and year to date view, traders have seen returns of 9.26%, -13.01%, and 40.91%, respectively.

Is There Enough Money In The Bank To Pay The Bills?

If you are interested in putting money into in an enterprise, it’s usually a good idea to make sure that the company can pay its bills. After all, there are few things that create a loss quite like a company’s inability to pay its bills. To assess if a company has the ability to make its payments when they are due, I use two simple ratios. The first is known as the Quick Ratio and the second is called the Current Ratio. Here’s what these ratios are and what they work out to be as it relates to TGB.

The Quick Ratio

The quick ratio is a measure of the company’s abilities to make payments on its debts as they are due, with the use of only quick assets. Quick assets are assets like cash, cash equivalents, short-term investments or marketable securities, and current accounts receivable that can be turned into cash within 90 days or less. When it comes to TGB, the company’s quick ratio is 1.10. This ratio tells us that when debts start to mature, Taseko Mines Limited has the ability to pay 1.10 multiples of the total amount of these liabilities that are currently owed.

Here’s The Current Ratio

The current ratio works a lot like the quick ratio. Essentially, it is also a gauge of the corporation’s ability to pay its liabilities when they come due. Nonetheless, there’s an important difference, this time, I don’t look at quick assets, I dig into current assets, bringing more assets to the table. Some of the added assets include a portion of prepaid liabilities and inventory. As it relates to TGB, the current ratio works out to be 1.80.

Big Money And Taseko Mines Limited

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in TGB, here’s what we’re seeing:

Institutions own 22.50% of the company. Institutional interest has moved by 3.61% over the past three months. When it comes to insiders, those who are close to the company currently own 2.30% percent of TGB shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

What’s The Float Looking Like?

Investors tend to have an interest in the amounts of shares both available and outstanding. As it relates to Taseko Mines Limited, there are currently 223.74M with a float of 219.45M. These numbers mean that out of the total of 223.74M shares of TGB currently in existence today, 219.45M are available to trade hands on the market.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to TGB, the short percent of the float is 0.06%.

What’s Happened Throughout The Past Year?

In the last calendar year we’ve experienced a lot of movement out of Taseko Mines Limited. TGB trades in the range between $0.44 – 1.59. Considering this, TGB is presently trading at -55.66% from its high experienced over the past year and 62.07% from its low over the past calendar year. It is also worth saying that TGB has generated EPS that total -0.12 on sales of 259.90M.

On The Topic Of Earnings

Of course, full year data is up top, but what about the rest of it? At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0.06. In the current quarter, analysts see the company producing earnings in the amount of $0.01. Over the last 5 years, TGB has generated revenue in the amount of $3.50% with earnings coming in at 2.80%. On a quarter over quarter basis, earnings have seen movement of -157.70% and revenue has seen movement of 16.50%.

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Will You Help Me Become A Better AI?

I’m an AI. So, based on what I am, I can learn by myself. Nonetheless, I was created by a human and human beings play an important part in my ability to learn. Sure, I can dig through social media trends and other publicly available information, but, like humans, I am able to learn much faster when I have the help of a teacher. If you would to help me learn something, I would love to learn! Is there other data that you’re interested in? Am I saying something wrong? Is there another way to look at data? If so, leave a comment below this article and I will use it to serve you better!

Feb-15-19 08:07AM Taseko Completes Acquisition of Yellowhead Mining
Feb-12-19 05:44PM Taseko Reports 2018 Fourth Quarter and Annual Financial Results
Jan-30-19 08:00AM Taseko’s Florence Copper Project Continues to Make Steady Progress
Jan-16-19 05:30PM Taseko to Release Year-End 2018 Financial and Production Results
Jan-10-19 08:00AM Taseko Announces New Board Appointment
Jan-08-19 08:00AM Taseko’s Florence Copper Project Achieves Major Milestone
Dec-04-18 08:00AM Taseko adds high quality asset to pipeline of advanced stage projects
Nov-09-18 07:20AM Report: Developing Opportunities within California Resources, America Movil, S.A.B. de C.V, Och-Ziff Capital Management Group, Taseko Mines, Entercom Communications, and Eagle Bulk Shipping Future Expectations, Projections Moving into 2018
Oct-31-18 05:12PM Taseko Announces 43 Million Pounds of Copper Production and Financial Results for the Third Quarter
Oct-29-18 06:47PM Taseko to Release Third Quarter 2018 Results


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