5 Top TSX Stocks: Entree Gold Up 12.9 Percent for the Week

At close of day this past Friday, the S&P/TSX Composite index (INDEXTSI:OSPTX) was up 98.4 points, at 13,865.07 points. According to Reuters, the index was buoyed Thursday and Friday by a jump in the oil price. 
That’s encouraging news given the turmoil that hit the commodities markets in the aftermath of Black Monday. Perhaps even more encouraging is the fact that some TSX-listed stocks are now once again in the black. The top gainer on the exchange last week was Entree Gold (TSX:ETG,NYSEMKT:EGI), and it was followed by Dundee Precious Metals (TSX:DPM), Stornoway Diamond (TSX:SWY), NovaGold Resources (TSX:NG,NYSEMKT:NG) and St. Andrew Goldfields (TSX:SAS).

Entree Gold

Vancouver-based Entree Gold was the top gainer on the TSX last week. Despite the fact that it didn’t release any news, its share price rose 12.9 percent to reach $0.35.
Entree Gold is focused on copper, and one of its key projects is Nevada-based Ann Mason, which hosts the Ann Mason copper-moly deposit, as well as the Blue Hill copper deposit. In the first quarter of this year, the company completed prefeasibility-level drilling there. The company is also a joint venture partner with a carried interest in a portion of Rio Tinto’s (ASX:RIO,LSE:RIO,NYSE:RIO) Mongolia-based Oyu Tolgoi project.

Dundee Precious Metals

Like Entree Gold, Dundee Precious Metals did not release any news last week. Nevertheless, its share price rose 8.73 percent to close at $2.49.
Dundee Precious Metals is an international gold miner, and is focused on identifying, acquiring, financing, developing and operating low-cost and long-life mining properties. Currently it has two producing mines, one development project and one smelter. During Q2 2015 the company recorded net earnings attributable to shareholders of $1.9 million and produced 32,699 ounces of gold and 10.6 million pounds of copper.

Stornoway Diamond

Stornoway Diamond also did not release any news last week. However, its share price rose 6.76 percent to hit $0.79.
It’s been a quiet summer for Stornoway, which last released news in June. At that time, the company put outs its results for the fourth fiscal quarter of 2015, noting, among other things, that construction of its Renard diamond project was “in line with planned schedule and budget.” Commercial production is set to begin at Renard in Q2 2017.

NovaGold Resources

NovaGold Resources’ share price rose 5.5 percent last week to close at $4.99, but like the other companies on this list, it did not release any news.
The company’s main asset is the 50-percent-owned Donlin project, which it says is funded through the permitting process. Donlin is located in Alaska, and holds about 39 million ounces of gold in the measured and indicated resource categories; that amounts to 541 million tonnes at an average grade of about 2.2 g/t. NovaGold anticipates issuing a draft environmental impact statement for the project by the end of the year.

St. Andrew Goldfields

Finally, St. Andrew Goldfields rose 5 percent last week to end at $0.315. The company also did not release any news during the period.
The gold-mining company is targeting 2015 production of 100,000 ounces, and during Q2 put out 23,533 ounces of the yellow metal from its Holt and Holloway mines, both located in Ontario. During the quarter, the company’s net income came in at $3.5 million, up from $0.6 million in Q2 2014.
 
Data for TSX Top 5 articles is retrieved each Friday after market close. Only companies with a market capitalization greater than $50 million prior to the week’s gains are included. 
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Entree Gold is a client of the Investing News Network. This article is not paid-for content. 
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