5 Top Weekly TSX Stocks: Alamos Gold Surges on Q2 Results

Last week's other top-gaining TSX stocks were Lithium Americas, Fission Uranium, Teck Resources and INV Metals.

tsx stocks

The S&P/TSX Composite index (INDEXTSI:OSPTX) was up for the week at 15,250.02, a gain of 0.8 percent.

That being said, the index opened higher early on Friday (July 28), with gains led by banks, energy and railway stocks, according to Reuters.

The gold price fell on Friday, after hitting a seven-week high earlier in the week, as a new US report showed better than expected employment data, boosting the US dollar and hurting gold demand. That’s because a softer greenback makes commodities priced in dollars cheaper for buyers using weaker currencies. 

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

  • Lithium Americas (TSX:LAC)
  • Fission Uranium (TSX:FCU)
  • Alamos Gold (TSX:AGI)
  • Teck Resources (TSX:TECK.A)
  • INV Metals (TSX:INV)

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

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Lithium Americas

Lithium Americas, together with SQM, is developing Cauchari-Olaroz, located in Argentina, through its 50 percent interest in Minera Exar. In addition, Lithium Americas owns 100 percent of the Lithium Nevada project, and RheoMinerals Inc., a supplier of rheology modifiers for oil-based drilling fluids, coatings, and specialty chemicals.

There are no recent news that could explain the stock price jump, but shares of Lithium Americas saw an increase of 12.24 percent last week to reach $1.10.

Fission Uranium

Fission Uranium is a resource company specializing in the strategic exploration and development of the Patterson Lake South uranium property. On July 31, the company announced results of additional testing from its drilling program at its PLS property. Over the five day period Fission Uranium saw an increase of 10.14 percent to reach $0.76.

Alamos Gold

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. The Company has exploration and development projects in Mexico, Turkey, Canada and the United States.

On August 3, the company released its second quarter financial and operational report. Over the five day period Alamos Gold saw a spike of 9.18 percent to close the five day period at $9.63.

Teck Resources

Teck Resources bills itself as Canada’s largest diversified resource company, with business units focused on zinc, copper, steelmaking coal and energy. The company operates the Red Dog mine, one of the world’s largest zinc mines, as well as Pend Oreille in the US.

On July 27, the company announced a dividend payment and on August 1 it provided an update on the Waneta Dam sale. Shares of Teck Resources jumped 7.57 percent to close the five-day period at $29.

INV Metals

Last but not least on the 5 top weekly TSX stocks is INV Metals, a company focused on the development and exploration of the Loma Larga gold property, located in Ecuador. There are no recent news that could explain the stock price jump, but INV Metals saw an increase of 6.74 percent last week to reach $0.95.

Don’t forget to follow @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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5 Top Weekly TSX Stocks: Base Metals Up on Weaker Dollar

The S&P/TSX Composite Index (INDEXTSI:OSPTX) ended last week slightly down at 15,121.62 points, a loss of 0.41 percent.

The index fell on Friday (July 28) even though US GDP data showed strong economic growth. Meanwhile, the gold price jumped that day, and was on track for its third weekly gain, boosted by the GDP report and a weaker US dollar. A softer greenback makes commodities priced in dollars cheaper for buyers using weaker currencies.

Looking over to base metals, copper prices hit a two-year high last week, supported by forecasts of higher demand in top consumer China and also by weakness in the dollar.

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

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

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Largo Resources

Largo Resources is a strategic minerals company focused on the production of vanadium pentoxide at its Brazil-based Vanadio de Maracas Menchen mine. Largo also has interests in a number of other projects, including the Currais Novos tungsten tailings project and the Campo Alegre de Lourdes iron-vanadium project; both are located in Brazil. In addition, Largo has a 100-percent interest in the Northern Dancer tungsten-molybdenum property in Canada’s Yukon territory.

The company did not release any news last week, but its share price nevertheless saw an increase of 43.24 percent to reach $0.53.

Nemaska Lithium

Nemaska Lithium is engaged in the exploration and development of hard-rock lithium mining properties, and in the processing of spodumene into lithium compounds. The company’s wholly owned Whabouchi spodumene project in Quebec is estimated to be the second-richest and largest lithium deposit in the world.

On July 26, the company received its final payment from Johnson Matthey (LSE:JMAT) following approval of a shipment of 3.5 tonnes of battery-grade lithium hydroxide. Over the five-day period, Nemaska’s share price increased 18.45 percent to reach $1.22.

Hudbay Minerals

Hudbay Minerals is an integrated mining company that produces copper concentrate and zinc metal at operations across the Americas. Over the course of last week, Hudbay Minerals saw a share price spike of 14.17 percent to close the period at $9.59.

Coro Mining

Coro Mining is focused on copper production in Chile, and has a number of exploration and development projects in the country. The company is also focused on obtaining production from SCM Berta’s SX/EW plant, in which it holds a 35-percent interest.

The company’s most recent news came on July 6, when it announced the extension of its SCM Berta offtake agreement for another 12 months. Coro’s share price jumped 9.09 percent to close the five-day period at $0.12.

Amerigo Resources

Last but not least is Amerigo Resources, a long-term copper producer in Chile. The company produces copper concentrate at its MVC operation in the country, and it put out 57 million pounds of copper in 2016. Amerigo saw a share price increase of 7.69 percent last week to reach $0.84.

Don’t forget to follow @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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5 Top Weekly TSX Stocks: Osisko Mining Jumps on Drill Results

By Priscila Barrera, July 23, 2017

The S&P/TSX Composite Index (INDEXTSI:OSPTX) ended almost neutral last week at 15,171.78 points, down just 0.02 percent.

That being said, the index fell on Friday (July 21) as oil price weakness weighed on energy stocks, offsetting gold miners’ gainsThe gold price also jumped on Friday, and was on track for its biggest weekly increse in two months, boosted by a weaker US dollar. 

A number of TSXV-listed stocks in the mining sector saw share price increases during the period. The top gainers are as follows:

  • UEX (TSX:UEX)
  • Osisko Mining (TSX:OSK)
  • Fission Uranium (TSX:FCU)
  • Auryn Resources (TSX:AUG)
  • Ur-Energy (TSX:URE)

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

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UEX

UEX is an exploration and development company focused on 14 uranium projects located in the eastern, western and northern perimeters of the Athabasca Basin, the world’s richest uranium belt.

The company’s latest news came on June 29, when it announced that a summer drill program at its Christie Lake project is underway. Last week, UEX’s share price spiked 25 percent to close the five-day period at $0.22.

Osisko Mining

Osisko Mining is focused on the acquisition, exploration and development of precious metals properties in Canada. Its projects include the Windfall Lake and Marban Block gold properties, both located in Quebec, as well as the Ontario-based Garrison gold property.

On July 19, the company released results from an ongoing drill program at Windfall Lake. Over the course of the week, Osisko Mining’s share price increased 11.76 percent to reach $4.37.

Fission Uranium

Fission Uranium is focused on the exploration and development of its Patterson Lake South uranium property. On July 6, the company began preparations for its summer work program, which will aim to extend a recently discovered high-grade zone and accelerate progress towards the prefeasibility stage.  

Over the five-day period, Fission’s share price saw a spike of 11.67 percent to close at $0.67.

Auryn Resources

Auryn Resources is an exploration company focused on scalable high-grade gold deposits, including the Committee Bay and Gibson MacQuoid gold projects in Nunavut; the Homestake Ridge gold project in BC; and a portfolio of gold projects in Southern Peru

On July 17, the company started a drill program at Homestake Ridge. Its share price jumped 11.4 percent to close the period at $3.42.

Ur-Energy

Last but not least is Ur-Energy, a uranium company that operates the Lost Creek in-situ recovery uranium facility in South-Central Wyoming. On July 13, the company released its Q2 operational results. Ur-Energy’s share price rose 7.69 percent last week to reach $0.84.

Don’t forget to follow @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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