5 Top Weekly TSX Stocks: Base Metals Up

Despite falling on Friday, the index was slightly up last week and stayed well above 15,000 points.

a big day for biotech

The S&P/TSX Composite index (INDEXTSI:OSPTX) was slightly up for the week, closing at 15,575.81, a modest gain of 0.17 percent.

That being said, The Globe and Mail reported that the index was down for a second straight day on Friday, as oil prices dropped and some heavyweight energy shares lost ground.

“The market has rallied on expectations of good things to happen in the future but as we are getting the data that is factual of what is going on, it is not as good as people are hoping,” said Andrew Slimmon, portfolio manager at Morgan Stanley Investment Management in Chicago.

Despite this, a number of stocks in the mining sector saw a share price increase–notably in the base metals sector– including:

  • Paladin Energy (TSX:PDN)
  • New Millennium Iron (TSX:NML)
  • Alderon Iron Ore (TSX:ADV)
  • General Moly (TSX:GMO)
  • Hudbay Minerals (TSX:HBM)

Without further ado, here’s a look at the 5 top weekly TSX stocks.

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Paladin Energy

Paladin Energy is a uranium production company. The Company is engaged in the development and operation of uranium mines in Africa together with exploration and evaluation activities in Africa, Australia and Canada.

Over the five day period, shares of Paladin Energy saw a spike of 38.89 percent to close the five day period at $0.125.

New Millennium Iron

New Millennium Iron has actively explored properties in Canada’s Labrador Trough and is now at the development stage. Its Taconite Project has centered on the development of either or both of the LabMag and KeMag deposits to produce pellets and concentrate.

Shares of New Millennium Iron saw an increase of 36.73 percent last week to reach $0.33.

Alderon Iron Ore

Middle of the pack on last week’s 5 top weekly TSX stocks is Alderon Iron Ore, whose shares saw an increase of 35.85 percent to close the five-day period at $0.72.

Alderon is an iron ore development company in Canada. The Kami Project, owned 75 percent by Alderon and 25 percent by Hesteel Group Co. through The Kami Mine Limited Partnership, is located within Canada’s premier iron ore district and is surrounded by two producing iron ore mines.

General Moly

General Moly is a mineral development company developing two primary molybdenum projects, both in Nevada, U.S.A.  The Mt. Hope Project is a joint venture between General Moly (80 percent ownership) and POSCO (20 percent ownership), one of the world’s largest steel producers based in South Korea.  The Liberty project is wholly-owned by General Moly, contains both moly and copper, and is the company’s second project following Mt. Hope.

Shares of General Moly saw an increase of 34.62 percent last week to reach $0.70.

Hudbay Minerals

Last but not least on the 5 top weekly TSX stocks is Hudbay Minerals, whose shares made an increase of 14.89 percent to $10.57.

Hudbay is an integrated mining company producing copper concentrate (containing copper, gold and silver) and zinc metal. With assets in North and South America, the company is focused on the discovery, production and marketing of base and precious metals. The company has recently reported their production and cost guidance for 2017.

Data for 5 Top TSX Stocks articles is retrieved each Friday after market close using The Globe and Mail’s market data filter. Only companies with a market capitalization greater than $50 million prior to the week’s gains are included. Companies within the mining and precious metals sectors are considered.

Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.

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This article is updated each week. Please scroll to the top for the most recent information.

5 Top Weekly TSX Stocks: Index Gains on Trump Inauguration

By Jocelyn Aspa, January 22, 2017

The S&P/TSX Composite index (INDEXTSI:OSPTX) had another strong week, closing the five-day period at  15,547.88 points following Donald Trump’s presidential inauguration on Friday (Jan. 20).

As reported by the Toronto Star on Friday, the index gained 138.07 points while the Canadian dollar slipped. Overall, Canada’s main index rose 0.90 percent for the week.

On that note, a number of mining stocks on the TSX also so weekly gains, including:

  • Western Potash (TSX:WPX
  • General Moly (TSX:GMO)
  • Champion Iron (TSX:CIA)
  • Atalaya Mining (TSX:AYM)
  • Katanga Mining (TSX:KAT)

Here’s a closer look at those companies..

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Western Potash

Western Potash is currently a development stage company focused on its solution mine on the Milestone Project in Saskatchewan. The company’s most recent news was released near the end of December 2016, wherein Western Potash received the final engineering report on the proposed Milestone Pilot Plant Project.

In that regard, shares of the company increased 58.82 percent last week to close the five-day period at $0.27.

General Moly

Next on the list is General Moly, who is a US-based company focused on the the exploration, development and mining of molybdenum. The company own two moly projects, including an 80 percent interest in the Mt. Hope project and 100 percent interest of the Liberty project, both in Nevada.

As such, shares of  General Moly spiked 33.33 percent last week to finish the week at $0.52.

Champion Iron

Middle of the pack in last week’s five top weekly TSX stocks is Champion Iron, who spent the week prior at the top of the list. On that note, Champion Iron n iron ore exploration and development company with projects in the Labrador Trough. Through the company’s wholly-owned subsidiary, Champion Iron Mines, Champion Iron’s Fermont Holdings is made up of 12 iron-rich projects.

Shares of Champion Iron rose 25.33 percent last week to close the five-day period at $0.94.

Atalaya Mining

Atalaya Mining is new to the European copper producing scene with Proyecto Riotinto as its main focus.  The company’s most recent news was released in December 2016, noting that  that nameplate capacity of 9.5Mtpa was achieved  at its 100 percent owned Riotinto Copper Project.

While the company has not released any other news since then, its share price increased 22.04 percent last week to close the five-day period at $2.99.

Katanga Mining

Last but not least on the five top weekly TSX stocks is Katanga Mining, who operates a large-scale copper-cobalt project in the Democratic Republic of Congo.

While the company has not released any recent news, its share price increased 17.65 percent last week to $0.20.

Data for 5 Top TSX Stocks articles is retrieved each Friday after market close using The Globe and Mail’s market data filter. Only companies with a market capitalization greater than $50 million prior to the week’s gains are included. Companies within the mining and precious metals sectors are considered.

Securities Disclosure: I, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.

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This article is updated each week. Please scroll to the top for the most recent information.

5 Top Weekly TSX Stocks: Uranium Stocks Fly

By Jocelyn Aspa, January 13, 2017

 

It was another week of gains for the S&P/TSX Composite index (INDEXTSI:OSPTX), rising 0.24 percent over the five-day period to 15,497.28 points.

Although the index closed the week on a high, it did have a bit of a rocky week, Reuters reported on Friday. Higher bonds and US bank earnings helped push the index back up.

In that regard, a  variety of mining stocks on Canada’s main stock index performed well, particularly in the uranium sector, following the news that Kazakhstan would be chopping its production by 10 percent. The five top stocks include:

  • Champion Iron (TSX:CIA)
  • Mega Uranium (TSX:MGA)
  • Denison Mines (TSX:DML)
  • Ur-Energy (TSX:URE)
  • Cameco (TSX:CCO)

Here’s a closer look at the five top weekly TSX stocks.

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Champion Iron

First on the list is Champion Iron, an iron ore exploration and development company with projects in the Labrador Trough. Through the company’s wholly-owned subsidiary, Champion Iron Mines, Champion Iron’s Fermont Holdings is made up of 12 iron-rich projects.

Shares of Champion Iron rose 61.29 percent last week to $0.75. Despite the share price increase, the company did not have any related news.

Mega Uranium

Second on the list is Mega Uranium, whose shares jumped up by 50 percent last week to close the five-day period at $0.24.

The company is currently involved in three properties, all located in Australia: the Ben Lomond property, the Georgetown property, and Kintyre property. Mega Uranium also holds equity interests in aa number of uranium companies, with key holdings in Toro Energy (ASX:TOE) and NexGen Energy (TSX:NXE).

Denison Mines

Middle of the pack is Denison Mines, a uranium exploration and development company who is focused on its interests in the Athabasca Basin. Denison’s interests currently include its 60 percent owned Wheeler River project. The company also has a 22.5 percent interest in the McCLean Lake uranium mill, which is processing ore from the Cigar Lake mine.

On January 10, Denison announced the execution of an agreement to increase ownership of the Wheeler River Project up to 66 percent. With that in mind, it’s no surprise to see Denison’s shares rise 29.63 percent last week to $1.05.

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Ur-Energy

Last week, shares of Ur-Energy rose 24.39 percent to t $1.02.

Much like Mega Uranium and Denison Mines, Ur-Energy is also focused in the uranium sector. More particularly, the company operates the Lost Creek in-situ uranium facility in Wyoming, which has a two million pounds per year capacity.

Despite its share price increase, Ur-Energy did not have any recent news.

Cameco

Rounding out the top five weekly TSX stocks is Cameco, one of the world’s largest uranium producers, accounting for approximately 18 percent of global production from mines in Canada, the US, and Kazakhstan. With the announcement earlier in the week regarding Kazakhstan’s plans to cut production by 10 percent, the Financial Post reported an upgrade of Cameco to buy from hold at TD Securities.

That said, shares of Cameco increased 22.4 percent last week to close the five-day period at $17.43.

Data for 5 Top TSX Stocks articles is retrieved each Friday after market close using The Globe and Mail’s market data filter. Only companies with a market capitalization greater than $50 million prior to the week’s gains are included. Companies within the mining and precious metals sectors are considered.

Securities Disclosure: I, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.

“Do You Want To Know which Base Metal to Invest in 2017?”

Find out everything an investor needs to know about base metals with our all-in-one FREE market report on base metals investments.   Get My Free Report

This article is updated each week. Please scroll to the top for the most recent information.

5 Top Weekly TSX Stocks: Index Nears All-Time Highs

By Jocelyn Aspa, January 9, 2017

The start to 2017 was positive for the S&P/TSX Composite index (INDEXTSI:OSPTX), rising 1.32 percent to close the first week of the year at 15,496.05 points.

BNN reported the index’s first three sessions of the year brought it near all-time highs before taking a slight hit on Friday.

Still, the TSX composite index has held steady above 15,000 points for seven weeks in a row, and a number of mining stocks performed well–particularly in the gold and energy sectors–during the first trading week of the year, including:

  • Alexco Resource (TSX:AXR)
  • Paladin Energy (TSX:PDN)
  • Scandium International Mining (TSX:SCY)
  • Alamos Gold (TSX:AGI)
  • Pilot Gold (TSX:PLG)

Without further ado, here’s a look at the 5 top weekly TSX stocks.

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Alexco Resource

First on the 5 top weekly TSX stocks is Alexco Resource, who owns the Keno Hill Silver District in the Yukon. The company’s Bellekeno silver mine has a production grade of 1,00 grams per ton, and was brought into production in 2011. That said, Alexco’s latest news released January 3 detailed an updated resource mineral estimate for its Bermingham deposit in the Keno Hill Silver District, noting mineral resources have expanded from 5.2 million ounces to 17.3 million ounces.

As such, it’s no surprise that Alexco’s sares saw an increase of 33.94 percent to close the five-day period at $2.21.

Paladin Energy

Second on the list is Paladin Energy, a uranium production company with projects in Australia and two mines in Africa. The company’s most recent news was released at the end of December, noting it had received a notice from Electricite de France with respect to a $200 million pre-payment under the Long Term Off-Take Agreement between the companies entered into in August 2012.

Shares of Paladin Energy rose 31.25 percent last week to $0.105.

Scandium International Mining

Middle of the pack on last week’s 5 top weekly TSX stocks is Scandium International Mining, whose shares jumped 28 percent to close the five-day period at $032.

Scandium International Mining owns an 80 percent interest in the Nyngan scandium project, located in New South Wales, Australia. In May of 2016, the company completed a feasibility study, and is nw working towards bringing the Nyngan project to production.

Alamos Gold

Next is Alamos Gold, whose shares jumped 26.57 percent last week eto $10.48.

Alamos is an intermediate gold producer with diversified production from three operating mines in North America, including the Young-Davidson Mine in northern Ontario, Canada, and the Mulatos and El Chanate Mines in Sonora, Mexico. On January 6, the company released its 2016 fourth quarter production results together with its 2017 outlook.

Pilot Gold

Last but not least is Pilot Gold, who is currently advancing a number of past-producing Carlin-Style gold projects in the western US. Some of its projects include Goldstrike, which is on the Utah/Nevada border and  Black Pine in Idaho.

Shares of the company surged 22.35 percent last week to close the five-day period at $0.52.

Data for 5 Top TSX Stocks articles is retrieved each Friday after market close using The Globe and Mail’s market data filter. Only companies with a market capitalization greater than $50 million prior to the week’s gains are included. Companies within the mining and precious metals sectors are considered.

Securities Disclosure: I, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.

Related reading:

5 Top Weekly TSX Stocks: Gold Stocks Up

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“Do You Want To Know which Base Metal to Invest in 2017?”

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