Taseko Mines (TGB) Jumps to 9-Year High

We recently published 10 Small Stocks with Mighty Gains. Taseko Mines Ltd. (NYSEAmerican:TGB) is one of the top-performing stocks on Wednesday.

Taseko extended its winning streak to a third straight day on Wednesday to reach a new nine-year high as investors resumed taking path from an investment firm’s optimistic forecast for copper.

At intra-day trading, the stock soared to its highest price of $5.13 before trimming gains to finish the day just up by 10.77 percent at $5.04 apiece.

This followed UBS’ report last Friday that it expects copper prices for the next quarters of 2026 to hit $11,500 per ton in March; increase to $12,000 in June; and further to $12,500 and $13,000 in September and December, respectively.

Taseko Mines (TGB) Jumps to 9-Year High

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According to UBS, the forecast took into account the persistent supply risks and lower inventories that are expected to keep conditions tight.

UBS also expected a deficit in both 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 in the world.

In other developments, Taseko Mines Ltd. (NYSEAmerican:TGB) confirmed last Friday an accident at its Gibraltar mine in British Columbia, Canada last Friday which claimed the life of one contract worker.

“We are saddened to report the loss of a valued colleague at Gibraltar, and offer our deepest condolences to affected family, co-workers and friends. Our primary concern is the health, safety and well-being of our employees. Accordingly, we have halted all activity at Gibraltar until the accident has been fully investigated, and will make counselling and support services available to Gibraltar employees affected by this tragic event,” Taseko Mines Ltd. (NYSEAmerican:TGB) Vice President of Corporate Affairs Sean Magee said.

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.