Following these proceedings, A number of analysts have revised their coverage, including Stifel’s analysts, who increased its forecast for the stock in mid April from “a Hold” to “a Buy”. TD Securities also remained covering TGB and has increased its forecast on December 16, 2020 with a “Buy” recommendation from previously “Hold” rating. Liberum started covering the stock on May 22, 2020. It rated TGB as “a Buy”.
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Price Performance Review of TGB
On Tuesday, Taseko Mines Ltd. [AMEX:TGB] saw its stock fall -2.09% to $2.34. Over the last five days, the stock has lost -2.09%. Taseko Mines Ltd. shares have risen nearly 67.14% since the year began. Nevertheless, the stocks have risen 110.81% over the past one year. While a 52-week high of $3.15 was reached on 05/20/24, a 52-week low of $1.05 was recorded on 01/22/24. SMA at 50 days reached $2.29, while 200 days put it at $2.16.
Levels Of Support And Resistance For TGB Stock
The 24-hour chart illustrates a support level at 2.29, which if violated will result in even more drops to 2.25. On the upside, there is a resistance level at 2.40. A further resistance level may holdings at 2.47. The Relative Strength Index (RSI) on the 14-day chart is 45.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.63%. Stochastics %K at 13.74% indicates the stock is a buying.
How much short interest is there in Taseko Mines Ltd.?
A steep rise in short interest was recorded in Taseko Mines Ltd. stocks on 2024-09-30, dropping by -0.9 million shares to a total of 2.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.9 million shares. There was a decline of -45.34%, which implies that there is a negative sentiment for the stock.