Taseko Mines Stock Today

TKO Stock  CAD 2.99  0.17  6.03%   

Performance

19 of 100

 
Low
 
High
Solid

Odds Of Distress

Less than 3

 
100  
 
Zero
Very Low
Taseko Mines is selling at 2.99 as of the 28th of March 2024; that is 6.03 percent up since the beginning of the trading day. The stock's open price was 2.82. Taseko Mines has a very small chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for Taseko Mines are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 29th of December 2023 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Materials
Category
Basic Materials
Taseko Mines Limited, a mining company, acquires, develops, and operates mineral properties in Canada and the United States. Taseko Mines Limited was founded in 1966 and is headquartered in Vancouver, Canada. TASEKO MINES operates under Industrial Metals Minerals classification in Canada and is traded on Toronto Stock Exchange. The company has 290 M outstanding shares of which 6.68 M shares are at this time shorted by private and institutional investors with about 22.17 days to cover all short positions. More on Taseko Mines

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Taseko Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Taseko Mines' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Taseko Mines or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
President CEO, DirectorRussell Hallbauer
Business ConcentrationMetals & Mining, Materials, Basic Materials, Materials, Metals & Mining, Industrial Metals & Minerals, Basic Materials (View all Sectors)
Taseko Mines' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Taseko Mines' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Taseko Mines' financial leverage. It provides some insight into what part of Taseko Mines' total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Taseko Mines' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Taseko Mines deploys its capital and how much of that capital is borrowed.
Liquidity
Taseko Mines cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has accumulated 587.49 M in total debt with debt to equity ratio (D/E) of 100.9, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Taseko Mines has a current ratio of 1.32, which is within standard range for the sector. Debt can assist Taseko Mines until it has trouble settling it off, either with new capital or with free cash flow. So, Taseko Mines' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Taseko Mines sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Taseko to invest in growth at high rates of return. When we think about Taseko Mines' use of debt, we should always consider it together with cash and equity.

Capital Expenditures

52.81 Million
Taseko Mines (TKO) is traded on Toronto Exchange in Canada and employs 35 people. Taseko Mines is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 867.1 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Taseko Mines's market, we take the total number of its shares issued and multiply it by Taseko Mines's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Taseko Mines operates under Metals & Mining sector and is part of Materials industry. The entity has 290 M outstanding shares of which 6.68 M shares are at this time shorted by private and institutional investors with about 22.17 days to cover all short positions. Taseko Mines has accumulated about 120.86 M in cash with 87.31 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.14.
Check Taseko Mines Probability Of Bankruptcy
Ownership Allocation
Taseko Mines maintains a total of 290 Million outstanding shares. Taseko Mines has 3.29 % of its outstanding shares held by insiders and 20.27 % owned by institutional holders. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Taseko Ownership Details

Taseko Stock Price Odds Analysis

Contingent on a normal probability distribution, the odds of Taseko Mines jumping above the current price in 90 days from now is near 1%. The Taseko Mines probability density function shows the probability of Taseko Mines stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon the stock has a beta coefficient of 1.3389. This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Taseko Mines will likely underperform. Additionally, taseko Mines has an alpha of 0.573, implying that it can generate a 0.57 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 2.99HorizonTargetOdds Above 2.99
99.81%90 days
 2.99 
0.18%
Based on a normal probability distribution, the odds of Taseko Mines to move above the current price in 90 days from now is near 1 (This Taseko Mines probability density function shows the probability of Taseko Stock to fall within a particular range of prices over 90 days) .

Taseko Mines Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Taseko Mines market risk premium is the additional return an investor will receive from holding Taseko Mines long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Taseko Mines. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Taseko Mines' alpha and beta are two of the key measurements used to evaluate Taseko Mines' performance over the market, the standard measures of volatility play an important role as well.

Taseko Stock Against Markets

Picking the right benchmark for Taseko Mines stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Taseko Mines stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Taseko Mines is critical whether you are bullish or bearish towards Taseko Mines at a given time. Please also check how Taseko Mines' historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Taseko Mines without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Taseko Mines Corporate Directors

Taseko Mines corporate directors refer to members of a Taseko Mines board of directors. The board of directors generally takes responsibility for the Taseko Mines' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Taseko Mines' board members must vote for the resolution. The Taseko Mines board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Anu DhirIndependent DirectorProfile
Alexander MorrisonLead Director, Independent DirectorProfile
Randy DavenportDirectorProfile
Alex MorrisonIndependent DirectorProfile

How to buy Taseko Stock?

Before investing in Taseko Mines, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Taseko Mines. To buy Taseko Mines stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Taseko Mines. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Taseko Mines stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Taseko Mines stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Taseko Mines stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Taseko Mines, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Taseko Stock please use our How to Invest in Taseko Mines guide.

Already Invested in Taseko Mines?

The danger of trading Taseko Mines is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Taseko Mines is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Taseko Mines. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Taseko Mines is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Taseko Mines offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Taseko Mines' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Taseko Mines Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Taseko Mines Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Taseko Mines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
To learn how to invest in Taseko Stock, please use our How to Invest in Taseko Mines guide.
You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for Taseko Stock analysis

When running Taseko Mines' price analysis, check to measure Taseko Mines' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Taseko Mines is operating at the current time. Most of Taseko Mines' value examination focuses on studying past and present price action to predict the probability of Taseko Mines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Taseko Mines' price. Additionally, you may evaluate how the addition of Taseko Mines to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Taseko Mines' value and its price as these two are different measures arrived at by different means. Investors typically determine if Taseko Mines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Taseko Mines' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.