Taseko Mines Ltd (TGB) stock has risen 8.73% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.
Taseko Mines Ltd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TGB!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With TGB Stock Today?
Taseko Mines Ltd (TGB) stock is trading at $1.37 as of 2:34 PM on Monday, Dec 5, a loss of -$0.09, or -5.86% from the previous closing price of $1.45. The stock has traded between $1.36 and $1.45 so far today. Volume today is below average. So far 860,349 shares have traded compared to average volume of 1,619,801 shares.
To see InvestorsObserver's Sentiment Score for Taseko Mines Ltd click here.
More About Taseko Mines Ltd
Taseko Mines Ltd is a Canadian mining company. It is principally engaged in the production and sale of metals, as well as related activities, including exploration and mine development, within the province of British Columbia, Canada, and the State of Arizona, the United States. The Gibraltar, Aley, New Prosperity, and Harmony properties are located in British Columbia whereas Florence copper is in central Arizona.
Click Here to get the full Stock Report for Taseko Mines Ltd stock.