Is The New Project Reshaping Taseko Mines Limited's (TGB) Future?

Diamond Hill Capital, an investment management company, released its “Small Cap Fund” first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In Q1, markets were uneven due to the new presidential administration’s activity, leading to concern about the future. The Russell 3000 Index fell by 4.7% in Q1, the first quarterly loss since Q3 2023. Diamond Hill Small Cap Fund returned -11.56% in Q1, trailing the Russell 2000 Index’s -9.48% return. For more information on the fund’s top picks in 2025, please check its top five holdings.

In its first-quarter 2025 investor letter, Diamond Hill Small Cap Fund highlighted stocks such as Taseko Mines Limited (NYSEAMERICAN:TGB). Headquartered in Vancouver, Canada, Taseko Mines Limited (NYSEAMERICAN:TGB) is a mining company that explores copper, molybdenum, gold, niobium, and silver deposits. The one-month return of Taseko Mines Limited (NYSEAMERICAN:TGB) was 3.06%, and its shares lost 17.55% of their value over the last 52 weeks. On May 6, 2025, Taseko Mines Limited (NYSEAMERICAN:TGB) stock closed at $2.02 per share with a market capitalization of $642.087 million.

Diamond Hill Small Cap Fund stated the following regarding Taseko Mines Limited (NYSEAMERICAN:TGB) in its Q1 2025 investor letter:

"Other top contributors included Taseko Mines Limited (NYSEAMERICAN:TGB), Insperity and International General Insurance Holdings. Canada-based copper mining company Taseko Mines’ Florence copper project is on track for production starting in Q4 2025, which should be transformational for the company."

Taseko Mines Limited (NYSEAMERICAN:TGB) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 12 hedge fund portfolios held Taseko Mines Limited (NYSEAMERICAN:TGB) at the end of the fourth quarter, compared to 12 in the third quarter. While we acknowledge the potential of Taseko Mines Limited (NYSEAMERICAN:TGB) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

In another article, we covered Taseko Mines Limited (NYSEAMERICAN:TGB) and shared the list of best copper stocks to buy, according to Wall Street analysts. Diamond Hill Small Cap Fund established a position in Taseko Mines Limited (NYSEAMERICAN:TGB) in Q3 2021. In addition, please check out our hedge fund investor letters Q1 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.