US EditionGold mining dominates TSX top-performing stocks amid rotation to 'certainty'
Gold mining companies dominate with 15 out of 30 top TSX stocks, showing 394% to 775% returns amid rising gold prices and central bank purchases, signaling a shift to stable investments.
- On Tuesday, the Toronto Stock Exchange reported that the TSX 30 highlighted gold dominance, with mining firms making up 17 of 30 companies, including 15 gold names.
- Amid economic uncertainty, investors shifted to safe assets, with gold bullion prices rising as central banks bought gold instead of U.S. Treasuries this year.
- Among individual miners, Avino Silver & Gold Mines Ltd. returned 610 per cent and New Gold Inc. rose 394 per cent, while Lundin Gold's results show a 775 per cent return over three years.
- Market participants rewarded firms that focus on operations and cost control, as investors sought disciplined gold companies prioritizing shareholder value this year.
- Infrastructure names stand to benefit from energy transition, grid modernization and reshoring, with firms like Hammond Power Solutions Inc., Bird Construction Inc. and Bombardier Inc. poised for growth.
22 Articles
22 Articles
Gold mining dominates TSX top-performing stocks amid rotation to 'certainty' (Business)
The latest ranking of the Toronto Stock Exchange's top-performing companies indicates investors were on the hunt for safe havens amid economic uncertainty. The TSX 30 is an annual ranking of the top 30 best-performing stocks on Canada's benchmark index based on dividend-adjusted share price performa...
The Hamilton Spectator
BNN BloombergGold mining dominates TSX top-performing stocks amid rotation to ‘certainty’
TORONTO - The latest ranking of the Toronto Stock Exchange's top-performing companies indicates investors were on the hunt for safe havens amid economic uncertainty.
Winnipeg Free Press
Gold mining dominates TSX top-performing stocks amid rotation to 'certainty'
Breaking News, Sports, Manitoba, Canada
Gold and Silver Stocks Dominate TSX30 List of Top Performers
The Toronto Stock Exchange (TSX) has released its annual TSX30 list, showcasing the 30 top-performing companies that are making the most impact in driving Canada’s economy forward.Established in 2019, the TSX30 ranks stocks by their dividend-adjusted share price performance over three years. The list was released on Tuesday (September 9), a day after the S&P/TSX Composite Index (INDEXTSI:OSPTX) reached an all-time high of 29,027. It's up 17.18 p…
Coverage Details
Bias Distribution
- 79% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
