5 Top Weekly TSX Stocks: Gold Stocks Up

The index was slightly up last week, stayed well above 15,000 points for the fifth week in a row.

a big day for biotech

The S&P/TSX Composite index (INDEXTSI:OSPTX) was up for the week, closing at 15,328.15 points, a modest gain of 0.5 percent.

That being said, Toronto Star, reported that a boost in telecom and utilities stocks helped send the index higher. But, the Toronto Stock Exchange concluded its last full trading week of the year on a down note as its six-day streak of gains was snapped on Friday, falling 7.08 that day.

Despite this, the TSX composite index has held steady above 15,000 points for five weeks in a row. A number of stocks in the mining sector saw a share price increase–notably in the gold sector– including:

  • Major Drilling Group Int’l (TSX:MDI)
  • Western Copper and Gold (TSX:WRN)
  • Alamos Gold (TSX:AGI)
  • Scandium International Mining (TSX:SCY)
  • Alacer Gold Corp.(TSX:ASR)

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

Major Drilling Group

Major Drilling provides all types of drilling services and maintains field operations and offices in Canada, the United States, Mexico, South America, Asia, Africa and Europe.

The company has recently reported that their revenue, for the quarter ending on October, was up 16 percent at 79.9 millions. Last week, shares of Major Drilling Group  increased 14.17 percent to finish at $7.09 for the week.

Western Copper and Gold

Western Copper and Gold Corporation is developing the Casino project into Canada’s Premier Copper-Gold Mine.

Over the five day period, shares of Western Copper and Gold saw a spike of 13.57 percent to close the five day period at $1.59.

Scandium International Mining

Middle of the pack on last week’s 5 top weekly TSX stocks is Scandium International Mining, whose shares saw an increase of 11.11 percent to close the five-day period at $0.25.

Scandium International Mining owns an 80 percent interest in the Nyngan Scandium Project, located in New South Wales, Australia,

Alacer Gold Corp.

Alacer Gold Corp. is a leading low-cost gold producer, with an 80 percent interest in the Çöpler Gold Mine in Turkey. During 2016, Çöpler is forecast to produce 115,000 to 125,000 ounces at Total Cash Costs of $675 to $725 per ounce

Shares of Alacer Gold saw an increase of 10.5 percent last week to reach $2.00.

Alamos Gold

Last but not least on the 5 top weekly TSX stocks is Alamos Gold, whose shares made a slight increase of 2.35 percent to $8.28.

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.

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.


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

The S&P/TSX Composite index (INDEXTSI:OSPTX) had a bit of a rollercoaster week, dropping on Wednesday and Thursday following the announcement that the Federal Reserve would be raising interest rates, but was back on track Friday. For the week, the index closed at 15,252.20 points, a slight loss of 0.39 percent.

That being said, Business News Network (BNN), reported on Friday that the index gained on higher oil prices and the gold price making a slight recover.

Despite the index dropping slightly, the TSX composite index has held steady above 15,000 points for four weeks in a row. A number of stocks in the mining sector saw a share price increase–notably in the uranium sector– including:

  • Western Potash (TSX:WPX)
  • UEX (TSX:UEX)
  • Paladin Energy (TSX:PDN)
  • Denison Mines (TSX:DML)
  • Ur-Energy (TSX:URE)

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

Western Potash

Western Potash is currently focused on building a solution mine on the Milestone Project in Saskatchewan. Since 2008, the company has raised over $200 million from institutional and retail investors.

Last week, shares of Western Potash increased 25.93 percent to finish at $0.17 for the week. Although the company has not released any news regarding its share price increase, in early December it was reported that the city of Regina was looking to amend its water agreement with the company.

UEX

Up next is UEX, who is a uranium exploration and development company, exploring for new deposits in the Athabasca Basin. The company’s Christie Lake property, located in the eastern portion of the Basin, holds a n umber of historical uranium resources. UEX has the right to earn up to a 70 percent interest in the project from JCU Exploration Company. Some of UEX’s other projects include the Hidden Bay project, the Shea Creek project, Black Lake project, and Riou Lake project.

Over the five day period, shares of UEX saw a spike of 12.82 percent to close the five day period at $0.22.

Paladin Energy

Middle of the pack on last week’s 5 top weekly TSX stocks is Paladin Energy, whose shares saw an increase of 12.5 percent to close the five-day period at $0.09.

Paladin Energy is a uranium production company with projects in Australia and two mines in Africa. According to its website, the company plans to become a “major uranium mining house.”

More particularly, the company’s Langer Heinrich Mine in Namibia is its flagship project, reaching initial production of 2.7 Mlb of uranium per year in 2008.

Denison Mines

Next is Denison Mines, who is focused on uranium exploration and development in the Athabasca Basin, which includes its 60 percent owned Wheeler River project. The company also holds a 22.5 percent interest in the McClean Lake uranium mill, which is processing ore from the Cigar Lake mine under a milling agreement.

Shares of Denison Mines saw an increase of 8.7 percent last week to reach $0.75.

Ur-Energy

Last but not least on the 5 top weekly TSX stocks is Ur-Energy, whose shares made a slight increase of 6.85 percent to $0.78.

Ur-Energy is currently operating the lost Creek in-situ recovery uranium facility in Wyoming, which has a two million pounds per year capacity. The company’s newest project, the Shirley Basin, was acquired by Ur-Energy in 2013.

Don’t forget to follow @INN_Resource for real-time news updates! 

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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