Following these proceedings, National Bank Financial upgraded its Taseko Mines Ltd [TGB] rating to an Outperform from a a Sector perform in a research note published recently. Stifel also remained covering TGB and has increased its forecast on April 19, 2022 with a “Buy” recommendation from previously “Hold” rating. TD Securities revised its rating on December 16, 2020. It rated TGB as “a Buy” which previously was an “a Hold”.
Price Performance Review of TGB
On Tuesday, Taseko Mines Ltd [AMEX:TGB] saw its stock unchanged to $2.05. Over the last five days, the stock has gained 6.22%. Taseko Mines Ltd shares have risen nearly 5.67% since the year began. Nevertheless, the stocks have risen 50.74% over the past one year. While a 52-week high of $3.15 was reached on 01/06/25, a 52-week low of $1.27 was recorded on 01/03/25. SMA at 50 days reached $2.09, while 200 days put it at $2.31.
Levels Of Support And Resistance For TGB Stock
The 24-hour chart illustrates a support level at 2.03, which if violated will result in even more drops to 2.00. On the upside, there is a resistance level at 2.08. A further resistance level may holdings at 2.10. The Relative Strength Index (RSI) on the 14-day chart is 52.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.81%. Stochastics %K at 66.31% indicates the stock is a holding.
How much short interest is there in Taseko Mines Ltd?
A steep rise in short interest was recorded in Taseko Mines Ltd stocks on 2024-12-13, dropping by -8.9 million shares to a total of 1.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 10.14 million shares. There was a decline of -721.25%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 22, 2020 when Liberum began covering the stock and recommended ‘”a Buy”‘ rating .
