Lithium Americas was the top gaining TSX stock last week, with Nautilus Minerals, Imperial Metals, Teck Resources, and Osisko Mining closing out the list.
The S&P/TSX Composite index (INDEXTSI:OSPTX) was up last week by a margin of 0.03 percent to 14,639.88 points.
On Wednesday, the exchange dropped but rose back up on Friday after the speech made by Janet Yellen, chair of the US Federal Reserve. According to the Toronto Star, Yellen said the “US economy has been helped by a solid job market.”
With that in mind, a number of stocks also made some gains over the week.
Companies that were up for the week included:
- Lithium Americas (TSX:LAC)
- Nautilus Minerals (TSX:NUS)
- Imperial Metals (TSX:III)
- Teck Resources (TSX:TCK.B)
- Osisko Mining (TSX:OSK)
Here’s a look at those companies:
Lithium Americas, through a joint venture, is developing the Cauchari-Olaroz brine deposit in Argentina and, through its wholly-owned subsidiary, Lithium Nevada, is developing lithium deposits in northern Nevada. Most recent company news came in June when Lithium Americas announced the filing of an updated technical report on its Nevada property.
Last week, shares of the company rose 6.9 percent–a $0.06 increase–to $0.93.
Next on the list is Nautilus Minerals, whose shares rose 3.45 percent over the five-day period to $0.15.
According to its website, Nautilus Minerals is the first company to commercially explore the seafloor for sulphide systems, a potential source of high-grade copper, gold, zinc and silver. The company’s copper-gold project, Solwara 1 is under development in Papua New Guinea.
On August 22, Nautilus Minerals announced it had obtained a bridge financing and restructures Solwara 1 Project delivery.
Shares of Imperial Metals rose 2.17 percent last week to reach $7.06. The company is focused on base and precious metals, with the majority of its operations and exploration projects in British Columbia. Through its subsidiaries, owns the Red Chris and Mount Polley mines and holds a 50 percent interest int he Huckleberry mine and Ruddock Creek property.
The last company news posted by Imperial Metas was August 11, when it announced its second quarter 2016 financial results.
Teck Resources is a diversified resource company, in the copper, zinc, steelmaking coal and energy sectors. The company’s latest news came at the end of July, when it reported its second quarter results for 2016.
Last week, shares of Teck Resources rose 2.12 percent to close the five-day period at $20.75.
Closing out last week’s TSX list is Osisko Mining, whose shares rose 1.83 percent over the five-day period to $2.22.
The company is a mineral exploration company focused on the acquisition, exploration and development of precious metal resource properties in Canada. On August 25, Osisko announced it had discovered “significant mineralization” at its Windfold Lake gold project located in Quebec.
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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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