Tuesday, November 28, 2023 3:20:46 PM
November 19, 2023
Penny stocks are listed equities with prices below $5 per share or market capitalizations lower than $300 million. They are highly volatile, thinly traded, not very transparent and often poorly governed. Nevertheless, they can provide investors with scintillating returns as most penny stocks to buy are secured by early-stage growth companies. Moreover, penny stocks are under the radar, meaning they can be “smart money stage” investments at times.
I dialed in on the market and discovered three best-in-class penny stocks to buy that may surge in due course. Let’s get stuck into a discussion about each!
Taseko Mines (TGB)
Piece of copper set against black background
Piece of copper set against black background
Source: Coldmoon Photoproject/Shutterstock.com
Taseko Mines (NYSEMKT:TGB) is a Canadian open-pit copper miner. The firm’s flagship assets are the Yellowhead and Gibraltar mines. In addition, Taseko Mines is on the cusp of expansion as it is in the planning phase for three additional mines, namely Harmony, Aley and Prosperity.
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Although a risky bet, Taseko’s CapEx roadmap suggests significant value-additivity is in store. Its latest geophysical study showed that its proven and probable reserves total a whopping 2,728 million metric tonnes. Moreover, Taseko runs low-cost open-cast operations. As such, its operating profit margin of 27.26% comes as no surprise.
Taseko released its third-quarter earnings report at the turn of the month. The firm delivered 143.84 CAD in quarterly revenue, amounting to a 60.3% year-over-year increase. In addition, Taseko experienced a 17% decrease in operating costs, concurrently delivering welcoming residual value to shareholders.
I think Taseko stock is a good buy. Its price-to-book ratio of 1.26x is a tad higher than most investors would like to see. However, we could see enhanced book value in 2024 if further reductions in Taseko’s cost base occur.
https://finance.yahoo.com/news/3-penny-stocks-could-soar-155515989.html
Stingrays fall into two general categories, bottom feeders and swimmers...um hungry
Recent TGB News
- TASEKO MINES COMPLETES NOTES OFFERING • PR Newswire (US) • 04/23/2024 04:03:00 PM
- TASEKO MINES COMPLETES NOTES OFFERING • PR Newswire (Canada) • 04/23/2024 04:03:00 PM
- TASEKO ANNOUNCES PRICING OF SENIOR SECURED NOTES OFFERING • PR Newswire (Canada) • 04/09/2024 07:29:00 PM
- TASEKO ANNOUNCES PRICING OF SENIOR SECURED NOTES OFFERING • PR Newswire (US) • 04/09/2024 07:29:00 PM
- TASEKO ANNOUNCES OFFERING OF US$500 MILLION OF SENIOR SECURED NOTES DUE 2030 • PR Newswire (Canada) • 04/08/2024 12:24:00 PM
- TASEKO ANNOUNCES OFFERING OF US$500 MILLION OF SENIOR SECURED NOTES DUE 2030 • PR Newswire (US) • 04/08/2024 12:24:00 PM
- Taseko Acquires 100% of Gibraltar Mine • PR Newswire (Canada) • 03/25/2024 12:00:00 PM
- Taseko Acquires 100% of Gibraltar Mine • PR Newswire (US) • 03/25/2024 12:00:00 PM
- Taseko Reports Strong Fourth Quarter Financial Performance and $190 Million of Adjusted EBITDA for 2023 • PR Newswire (Canada) • 03/08/2024 12:20:00 AM
- Taseko Reports Strong Fourth Quarter Financial Performance and $190 Million of Adjusted EBITDA for 2023 • PR Newswire (US) • 03/08/2024 12:20:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/23/2024 05:48:29 PM
- Taseko Provides Financing and Construction Update for the Florence Copper Project • PR Newswire (Canada) • 01/16/2024 12:55:00 PM
- Taseko Provides Financing and Construction Update for the Florence Copper Project • PR Newswire (US) • 01/16/2024 12:55:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/10/2024 10:03:19 PM
- Taseko Announces a 26% Increase in Annual Copper Production from its Gibraltar Mine • PR Newswire (US) • 01/10/2024 12:55:00 PM
- Taseko Announces a 26% Increase in Annual Copper Production from its Gibraltar Mine • PR Newswire (Canada) • 01/10/2024 12:55:00 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 01/09/2024 07:46:28 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/24/2023 02:29:24 PM
- Taseko Mines Announces Senior Management Appointments • PR Newswire (US) • 11/20/2023 01:00:00 PM
- Taseko Mines Announces Senior Management Appointments • PR Newswire (Canada) • 11/20/2023 01:00:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/06/2023 02:18:15 PM
- Taseko Receives Approvals for US$100 Million in Additional Financing for Florence Copper • PR Newswire (Canada) • 11/06/2023 02:00:00 PM
- Taseko Receives Approvals for US$100 Million in Additional Financing for Florence Copper • PR Newswire (US) • 11/06/2023 02:00:00 PM
- Taseko Reports $63 Million of Adjusted EBITDA for Third Quarter 2023 • PR Newswire (Canada) • 11/01/2023 10:47:00 PM
- Taseko Reports $63 Million of Adjusted EBITDA for Third Quarter 2023 • PR Newswire (US) • 11/01/2023 10:47:00 PM
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