5 Top Weekly TSX Stocks: Trevali Surges as Zinc Price Hits $3,000

Last week's other top-gaining TSX stocks were HudBay Minerals, Nautilus Minerals, Copper Mountain Mining and Leagold Mining.

tsx stocks

The S&P/TSX Composite index (INDEXTSI:OSPTX) was down for the week at 14,954.97, a loss of 0.52 percent.

That being said, the index fell early on Friday (August 18), with financial stocks leading the decline, according to Reuters.

Barcelona terror attacks and US policy uncertainty boosted demand for precious metals, as investors turned to safe-haven assets. Base metals also rallied this week, with zinc reaching its highest level in 10 years.

That said, a number of stocks in the mining sector saw a share price increase including:

  • HudBay Minerals (TSX:HBM)  
  • Trevali Mining (TSX:TV)
  • Nautilus Minerals (TSX:NUS)  
  • Copper Mountain Mining (TSX:CMMC)  
  • Leagold Mining (TSX:LMC)  

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

HudBay Minerals

HudBay Minerals is an integrated mining company that produces copper concentrate and zinc metal at operations across the Americas. There are no recent news that could explain the stock price jump, but shares of HudBay Minerals saw an increase of 11.23 percent last week to reach $10.

Trevali Mining

Trevali Mining is a zinc-focused base metals miner with two commercially producing operations. The company is actively producing zinc and leadsilver concentrates from its 2,000-tonne-per-day Santander mine in Peru and its 3,000-tonne-per-day Caribou mine in Northern New Brunswick. Trevali also owns the Halfmile and Stratmat base metals deposits, also located in New Brunswick; they are currently in the PEA stage.

On August 10, the company released its Q2 financial results. Over the five day period Trevali saw an increase of 9.3 percent to reach $1.41.

Nautilus Minerals

Nautilus Minerals is the first company to commercially explore the seafloor for massive sulfide systems, a potential source of high-grade copper, gold, zinc and silver. Nautilus is developing a production system to commercially extract these systems using existing technologies adapted from the offshore oil and gas industry, and from the dredging and mining industries.

On August 14, the company published its financial results for the second quarter. Over the five day period Nautilus Minerals saw a spike of 8.89 percent to close the five day period at $0.24.

Copper Mountain Mining

Copper Mountain’s flagship asset is the Copper Mountain mine located in southern British Columbia near the town of Princeton. The Company also has a strategic alliance with Mitsubishi Materials Corporation who owns 25 percent of the mine.

The most recent company news are from August 8, when Copper Mountain released its Q2 financial results. Shares of Copper Mountain jumped 8.08 percent to close the five-day period at $1.07.

Leagold Mining

Last but not least on the 5 top weekly TSX stocks is Leagold Mining, which is building a new mid-tier gold producer with a focus on opportunities in Latin America. The company has recently acquired Los Filos gold mine in Mexico.

The company also reported Q2 financial results on August 10. Leagold Mining gained 4.96 percent last week to reach $2.96.

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

Data for 5 Top TSX Stocks articles is retrieved each Friday at 10:30 a.m. PST 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.

Editorial Disclosure: Trevali Mining is a client of the Investing News Network. This article is not paid-for content.


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

5 Top Weekly TSX Stocks: Horizonte Minerals Jumps on Feasibility Study Progress

By Priscila Barrera, August 11, 2017.

The S&P/TSX Composite Index (INDEXTSI:OSPTX) ended last week down at 15,018.51 points, a loss of 0.73 percent.

It fell early on Friday (August 11), weighed down by heavyweight mining and financial stocks. Meanwhile, the gold price rose on Friday as North Korea tensions turned investors toward safe-haven assets.

The US-North Korea situation has been in flux since US President Donald Trump made his “fire and fury” comments on Tuesday (August 8), and so far nearly $1 trillion has been wiped from global equity markets.

Against that backdrop a number of TSX-listed stocks in the mining sector saw share price increases last week. The five top gainers are as follows:

  • Horizonte Minerals (TSX:HZM,LSE:HZM)  
  • Red Eagle Mining (TSX:R)  
  • Sandstorm Gold (TSX:SSL,NYSEMKT:SAND)  
  • Excelsior Mining (TSX:MIN)  
  • Katanga Mining (TSX:KAT)

Here’s a look at those companies and the factors that moved their share prices last week. 

Horizonte Minerals

Horizonte Minerals is a nickel-focused company that operates in Brazil. It wholly owns the advanced Araguaia nickel laterite project, and is targeting production in 2019.

Last week, the company published its financial results for the first six months of the year, and said that the feasibility study for Araguaia is now at an “advanced stage.” The company’s share price saw an increase of 28.57 percent last week to reach $0.04.

Red Eagle Mining

Red Eagle Mining is a gold producer focused on discovering, developing and operating gold projects in Colombia. Red Eagle owns 100 percent of the Santa Rosa gold project, where the San Ramon gold mine commenced commercial production in March.

Last Friday, the company closed a C$30-million rights offering. Over the five-day period, Red Eagle’s share price increased 14.04 percent to reach $0.32.

Sandstorm Gold

Sandstorm Gold is a gold streaming and royalties company with a portfolio of 160 streams and royalties. Last week, the company’s share rose 5.29 percent to close at $5.47. It has did not release any news that would explain the jump

Excelsior Mining

Excelsior Mining is developing the Gunnison copper project, a low cost in-situ recovery project located within Arizona’s copper porphyry belt. Commercial production at the project is scheduled to begin in 2018. Excelsior’s share price jumped 5.22 percent to close last week at $1.21. Like Sandstorm, it did not release any news that would account for the rise. 

Katanga Mining

Last but not least is Katanga Mining, which operates a large-scale copper-cobalt mine complex in the Democratic Republic of Congo through two joint ventures. The joint ventures are called Kamoto Copper Company and DRC Copper and Cobalt Project.

The company did not release any news last week, but its share price gained 4.05 percent to reach $0.77.

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

Data for 5 Top TSX Stocks articles is retrieved each Friday at 10:30 a.m. PST 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.

Get the Latest Zinc Investing Stock Information

Get the latest information about companies associated with Zinc Investing delivered directly to your inbox.

Zinc
Other Companies

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Comments

Leave a Reply