With significant hedge fund interest and a share price under $5, Taseko Mines Limited (NYSE:TGB) secures a place on our list of the 11 Best Gold Penny Stocks to Buy According to Hedge Funds (and Precious Metals Stocks).
A close-up of a hand placing a block of gold into a safe.
On August 6, 2025, Taseko Mines Limited (NYSE:TGB) reported results for Q2 2025. The company’s earnings from mining operations were reported at $20.7 million. Meanwhile, adjusted EBITDA reached $17.4 million. A production of 19.8 million pounds of copper resulted in revenue of $116.08 million. The company reported $21.9 million in net income, or $0.07 per share. However, an adjusted net loss of $13 million was noted, missing expectations for a $0.02 loss.
Following the quarterly results, BMO Capital reiterated its ‘Buy’ rating on Taseko Mines Limited (NYSE:TGB) with a $4.18 price target on August 7. On the same day, Canaccord also maintained its ‘Buy’ rating.
Operating its Gibraltar Mine in British Columbia, Taseko Mines Limited (NYSE:TGB) focuses on copper production. It is included in our list of the Best Penny Stocks.
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