Taseko Mines (TGB) Benefited as Coal Prices Surged

Diamond Hill Capital, an investment management company, released its “Small Cap Strategy” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fourth quarter posted another period of favorable gains for equity markets, with the Russell 2000 Index returning 2.19%, roughly in line with the Russell 1000 Index’s 2.41% gain. Health care (+18.6%) emerged as the best-performing sector in the Russell 2000 Index. Heightened uncertainty and geopolitical risks contributed to a mixed market environment in 2025 and Q4, yet the Russell 2000 Index still posted a 12.81% gain for the year. Heading into 2026, the firm continues to focus on resilient businesses that can sustain earnings in a volatile landscape. The Strategy returned 4.88% (net of fees) in the quarter compared to the Russell 2000 Index’s 2.19% gain. Please review the Strategy’s top five holdings to gain insights into their key selections for 2025.

In its fourth-quarter 2025 investor letter, Diamond Hill Small Cap Strategy highlighted Taseko Mines Limited (NYSEAMERICAN:TGB) as one of its leading contributors. Taseko Mines Limited (NYSEAMERICAN:TGB) is a Canadian-based mining company. On February 4, 2026, Taseko Mines Limited (NYSEAMERICAN:TGB) stock closed at $8.37 per share. Taseko Mines Limited (NYSEAMERICAN:TGB) delivered a 41.15% return in the past month, and its shares are up 318.50% over the past twelve months. Taseko Mines Limited (NYSEAMERICAN:TGB) has a market capitalization of $3.019 billion.

Diamond Hill Small Cap Strategy stated the following regarding Taseko Mines Limited (NYSEAMERICAN:TGB) in its fourth quarter 2025 investor letter:

"Taseko Mines Limited (NYSEAMERICAN:TGB), a copper mining company, saw shares move higher in Q4 as copper prices increased more than 15%. Performance was also supported by growing optimism around the company’s pending project in Florence, AZ."

Taseko Mines Limited (NYSEAMERICAN:TGB) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 16 hedge fund portfolios held Taseko Mines Limited (NYSEAMERICAN:TGB) at the end of the third quarter, up from 13 in the previous quarter. While we acknowledge the potential of Taseko Mines Limited (NYSEAMERICAN:TGB) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

In another article, we covered Taseko Mines Limited (NYSEAMERICAN:TGB) and shared the list of best copper stocks to buy. In addition, please check out our hedge fund investor letters Q4 2025 page for more investor letters from hedge funds and other leading investors.

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