Taseko Mines (TGB) Jumps to 9-Year High

2 days ago 5

Angelica Ballesteros

Fri, November 28, 2025 astatine 9:12 AM CST 2 min read

We precocious published 10 Small Stocks with Mighty Gains. Taseko Mines Ltd. (NYSEAmerican:TGB) is 1 of the top-performing stocks connected Wednesday. Taseko extended its winning streak to a 3rd consecutive time connected Wednesday to scope a caller nine-year precocious arsenic investors resumed taking way from an concern firm’s optimistic forecast for copper. At intra-day trading, the banal soared to its highest terms of $5.13 earlier trimming gains to decorativeness the time conscionable up by 10.77 percent astatine $5.04 apiece. This followed UBS’ study past Friday that it expects copper prices for the adjacent quarters of 2026 to deed $11,500 per ton successful March; summation to $12,000 successful June; and further to $12,500 and $13,000 successful September and December, respectively.

Tim Roberts Photography/shutterstock.com According to UBS, the forecast took into relationship the persistent proviso risks and little inventories that are expected to support conditions tight. UBS besides expected a shortage successful some 2025 and 2026, reaching 230,000 and 407,000 tons, respectively, amid slower output from Freeport McMoran’s Grasberg mine—one of the largest copper producers successful the world. In different developments, Taseko Mines Ltd. (NYSEAmerican:TGB) confirmed past Friday an mishap astatine its Gibraltar excavation successful British Columbia, Canada past Friday which claimed the beingness of 1 declaration worker. “We are saddened to study the nonaccomplishment of a valued workfellow astatine Gibraltar, and connection our deepest condolences to affected family, co-workers and friends. Our superior interest is the health, information and well-being of our employees. Accordingly, we person halted each enactment astatine Gibraltar until the mishap has been afloat investigated, and volition marque counselling and enactment services disposable to Gibraltar employees affected by this tragic event,” Taseko Mines Ltd. (NYSEAmerican:TGB) Vice President of Corporate Affairs Sean Magee said. While we admit the imaginable of TGB arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock. READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This nonfiction is primitively published at Insider Monkey.