5 Best Canadian Stocks Under $10 to Buy Now

3. Taseko Mines Ltd (NYSEAMERICAN:TGB)

Number of Hedge Fund Holders: 26

Taseko Mines Ltd (NYSEAMERICAN:TGB) is one of the best Canadian stocks under $10 to buy now. On May 6, Taseko Mines achieved financial growth in Q1 2026, reporting an Adjusted EBITDA of $93 million and earnings from mining operations of $115 million, representing year-over-year increases of 172% and 195%, respectively. Revenues reached $237 million, driven by the sale of 27 million pounds of copper and 708 thousand pounds of molybdenum. While the company recorded a net income of $17 million, site operating costs at the Gibraltar mine saw upward pressure due to higher prices for diesel and explosives, alongside expenses related to unscheduled maintenance.

Operational performance at the Gibraltar mine remained steady, producing 30 million pounds of copper at an average head grade of 0.25%, which aligns with the life-of-mine average. Mill throughput reached 7.0 million tons, and copper recoveries improved to 83% due to better ore characteristics. Looking ahead, mining will remain focused on the Connector pit through 2028, with total copper production for 2026 projected to be between 110 and 115 million pounds. The company has also secured favorable offtake agreements for nearly all of its 2026 concentrate production and maintains a hedging program to protect cash flow during ongoing project expansions.

The Florence Copper project in Arizona reached a major milestone with the commencement of SX/EW plant operations in February, leading to the harvest of the first copper cathodes. The facility produced 1.5 million pounds of copper in Q1, and the company expects full-year production to reach between 30 and 35 million pounds as the wellfield continues to expand. Additionally, Taseko is advancing its Yellowhead copper project in British Columbia, with plans to file a detailed project description this summer. These developments, combined with a historic agreement regarding the New Prosperity project, position Taseko as a prominent North American copper growth story.

Taseko Mines Ltd (NYSEAMERICAN:TGB) is a mining company involved in the acquisition, development, and operation of mineral deposits. The company holds an interest in the Gibraltar, Florence Copper, Aley Niobium, Yellowhead, New Prosperity, and Harmony projects.