5 Top Weekly TSX Stocks: Uranium Stocks Fly

Uranium stocks were a hot commodity last week in the wake of Kazakhstan's announcement it would be cutting uranium production by 10 percent.

a big day for biotech

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.

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.

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.


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.

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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