5 Top Weekly TSX Stocks: Orocobre Surges on Maiden Full-year Profit

Last week's other top-gaining stocks on the TSX were Alexco Resource, Lithium Americas, Sherritt International Mining and Nemaska Lithium.

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The S&P/TSX Composite Index (INDEXTSI:OSPTX) gained a modest 0.94 percent last week to end at 15,197.4 points.

Despite its weekly gain, the index lost ground early on Friday (September 1) due to a decline in the heavyweight energy and materials sectors. The gold price ended the week up, reaching a nine-month high on Friday, while copper hit its highest price in over three years on Thursday (August 31).  

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

  • Alexco Resource (TSX:AXR)
  • Orocobre (TSX:ORL)
  • Lithium Americas (TSX:LAC)  
  • Sherritt International Mining (TSX:S)
  • Nemaska Lithium (TSX:NMX)

Without further ado, here’s a look at what moved their share prices during the period.

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Alexco Resource

Alexco Resource owns the Bellekeno silver mine, along with several other mineral properties that encompass substantially all of the historic Keno Hill Silver District in Canada’s Yukon Territory. The company has released no recent news, but last week its share price spiked 23.03 percent to close at $2.19.

Orocobre

Orocobre is building an industrial chemicals company through the operation of its portfolio of lithium, potash and boron projects and facilities in the Puna region of Northern Argentina. Last week, the company released its financial results for the year ended June 30, reporting a maiden full-year after-tax net profit of US$19.4 million and production of 11,862 tonnes of lithium carbonate. On the back of the news, its share price jumped 20.62 percent to reach $3.86.

Lithium Americas

Together with SQM (NYSE:SQM), Lithium Americas is developing the Argentina-based Cauchari-Olaroz lithium brine deposit. The company’s two wholly owned subsidiaries, Lithium Nevada and RheoMinerals, are working on other projects. The company’s share price rose 20.37 percent last week to close the five-day period at $1.30; it did not release any news that would explain the increase.

Sherritt International Mining

Sherritt International Mining is best known as a nickel miner, and is one of the world’s largest producers of nickel from lateritic sources. The company also produces cobalt as a by-product and is Cuba’s largest independent energy producer. The company has not released any news recently, but last week its share price increased 14.14 percent to close at $1.13.

Nemaska Lithium

Nemaska Lithium is a near-term lithium producer focused on becoming a supplier to the emerging lithium-ion battery market. Its wholly owned Whabouchi spodumene mine project in Quebec is estimated to be the second-richest and largest lithium deposit in the world. The company’s share price gained 7.69 percent last week to reach $1.26, though it did not release any news.

Don’t forget to follow us @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: Nemaska Lithium is a client of the Investing News Network. This article is not paid-for content.

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

5 Top Weekly TSX Stocks: Largo Resources Jumps on Vanadium Production Milestone

By Priscila Barrera, August 27, 2017

The S&P/TSX Composite Index (INDEXTSI:OSPTX) ended last week at 15,073.31 points, a modest gain of 0.81 percent.

On Friday (August 25), investors were highly anticipating speeches from US Federal Reserve Chair Janet Yellen and European Central Bank Chief Mario Draghi. Yellen’s speech didn’t give any expected signals on monetary policy, and left the door open for further rate hikes later this year.

Meanwhile, US policy uncertainty boosted demand for precious metals as investors moved toward safe-haven assets. Base metals also gained last week, with copper reaching an almost three-year high; some analysts have warned that its price rally might be overhyped.

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Against that backdrop, a number of TSX-listed stocks in the mining sector saw share price increases, including:

  • Largo Resources (TSX:LGO)
  • Wellgreen Platinum (TSX:WG)
  • Nevada Copper (TSX:NCU)
  • Scandium International Mining (TSX:SCY)
  • Hudbay Minerals (TSX:HBM)  

Without further ado, here’s a look at those companies and what moved their share prices last week.

Largo Resources

Largo Resources is a strategic minerals company focused on the production of vanadium pentoxide at its Vanadio de Maracás Menchen mine. Largo also has stakes in a portfolio of other projects, including the Currais Novos tungsten tailings project and the Campo Alegre de Lourdes iron-vanadium project in Brazil, and the Northern Dancer tungsten-molybdenum property in the Yukon.

On August 24, the company announced the shipment of its 1,000th lot of vanadium pentoxide, representing approximately 44 million pounds of vanadium pentoxide. Over the five-day period, Largo Resources’ share price increased 53.57 percent to reach $0.86.

Wellgreen Platinum

Wellgreen Platinum is an exploration and development company focused on the active advancement of its Wellgreen platinumgroup metals and nickel project. Last week, the company’s share price rose 33.93 percent to reach $0.37, though it has released no recent news that would explain the increase.

Nevada Copper

Nevada Copper is focused on bringing its Nevada-based Pumpkin Hollow copper project into production. It has not released any recent news, but over the five-day period the company’s share price saw a spike of 25.86 percent to close the week at $0.73.

Scandium International Mining

Scandium International Mining owns the Nyngan scandium project in New South Wales, Australia. Despite not having any recent news, the company’s share price jumped 18.18 percent last week to close the five-day period at $0.39.

Hudbay Minerals

Last but not least is Hudbay Minerals, an integrated mining company that produces copper concentrate and zinc metal at operations across the Americas. On August 23, the company acquired shares of copper junior Mason Resources (TSX:MNR). Hudbay Minerals’ share price gained 9.04 percent last week to reach $10.87.

Don’t forget to follow us @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.

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

5 Top Weekly TSX Stocks: Hudbay and Trevali Surge as Zinc Price Hits $3,000

By Priscila Barrera, August 18, 2017

The S&P/TSX Composite Index (INDEXTSI:OSPTX) fell 0.52 percent last week to end at 14,954.97 points.

Terror attacks in Barcelona and US policy uncertainty boosted demand for precious metals, with investors turning to safe-haven assets. That said, base metals also rallied last week, with zinc reaching its highest level in 10 years.

On the back of those events, a number of TSX-listed mining stocks saw share price increases. The top five gainers were:

  • Hudbay Minerals (TSX:HBM,NYSE: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 those companies and what moved their share prices last week.

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Hudbay Minerals

Hudbay Minerals is an integrated mining company that produces copper concentrate and zinc metal at operations across the Americas. The company has not released any news recently, but last week its share price increased 11.23 percent to reach $10; the company is a popular pick in the zinc space, and it’s possible that zinc’s positive price action contributed to its gain. 

Trevali Mining

Trevali Mining is a zinc-focused base metals miner with two commercially producing operations. The company is 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 in New Brunswick; they are currently in the PEA stage.

The company’s most recent news came on August 10, when it released its Q2 financial results. Over the five-day period, Trevali’s share price saw an increase of 9.3 percent to reach $1.41; like Hudbay, Trevali also likely benefited from last week’s zinc price news.

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. The news sent the company’s share price up 8.89 percent to close the period at $0.24.

Copper Mountain Mining

Copper Mountain Mining’s flagship asset is the Copper Mountain mine, located in Southern BC near the town of Princeton. The company has a strategic alliance with Mitsubishi Materials (TSE:5711), which owns 25 percent of the mine.

The company’s most recent news came on August 8, when it released its Q2 financial results. Last week, Copper Mountain’s share price jumped 8.08 percent to close at $1.07.

Leagold Mining

Last but not least on this week’s list is Leagold Mining, a new mid-tier gold producer focused on opportunities in Latin America. The company recently acquired the Los Filos gold mine in Mexico.

The company reported its Q2 financial results on August 10, gaining 4.96 percent over the course of the week to reach $2.96.

Don’t forget to follow us @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.

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