Thrifty Banker
  • Politics
  • Business
  • World
  • Investing
  • Politics
  • Business
  • World
  • Investing

Thrifty Banker

Investing

5 Top Weekly TSX Stocks: Argonaut Gold Up After Posting Q3 Results

by August 21, 2023
August 21, 2023
5 Top Weekly TSX Stocks: Argonaut Gold Up After Posting Q3 Results

The S&P/TSX Composite Index (INDEXTSI:OSPTX) opened lower on Friday (August 18) at 19,812.23.

The index was on track for a weekly decline, hitting a 6 week low on the back of rising bond yields. The technology and financial sectors fell last week, while the energy sector was the bright spot.

Looking over to commodities, gold dropped below the US$1,900 per ounce mark, to trade around the US$1,892 level on Friday. Meanwhile, silver was trading upward to end the week above US$22 per ounce.

Last week, some resource junior mining and energy focused companies saw their stock prices go up. Here’s a look at those companies and the factors that moved their share prices last week.

1. Wallbridge Mining (TSX:WM)

Press ReleasesCompany Profile

Leading this week’s top TSX stocks list is Wallbridge Mining, which saw its share price increase 20.83 percent to end the week at C$0.14.

Gold-focused Wallbridge’s flagship project, Fenelon, is located on the highly prospective Detour-Fenelon gold trend in Northern Abitibi, Quebec. Wallbridge also has interests in several copper, nickel and platinum group metal properties, including a 17.8 percent interest in Lonmin Canada.

2. Aclara Resources (TSX:ARA)

Press ReleasesCompany Profile

Aclara Resources is a development-stage company focused on heavy rare earth mineral

resources. Its primary project is located in the BioBio Region of southern Chile. The has all its efforts on developing its mineral resources through a project known as the Penco Module.

Last week, shares of Questerre Energy increased 9.09 percent to end at C$0.42.

3. Argonaut Gold (TSX:AR)

Another gold mining company making the list this week is Argonaut Gold, which is in the final stages of construction at its Magino project, located in Ontario, Canada. Magino is expected to achieve commercial production in the third quarter of 2023 and become Argonaut’s largest and lowest cost mine.

The company also has three operating mines including the Florida Canyon mine in Nevada, USA, where it is pursuing additional growth, La Colorada mine in Sonora, Mexico and San Agustin mine in Durango, Mexico.

On August 11, the company posted its Q2 results, saying commercial production is on track for Q3 at Magino. Last week, the company did not release any news, but its shares increased 5.56 percent to end at C$0.57.

4. Nevada Copper (TSX:NCU)

Press ReleasesCompany Profile

Nevada Copper’s flagship Pumpkin Hollow copper project is located in Nevada, US. Pumpkin Hollow has substantial reserves and resources including copper, gold and silver. Its two fully permitted projects include the high-grade underground mine and processing facility, which is now in the production stage, and a large-scale open pit project, which is advancing towards feasibility status.

Last week, shares of Nevada Copper increased 5.41 percent, to end the five-day period at C$0.19.

5. Titan Mining (TSX:TI)

Press ReleasesCompany Profile

Last but not least this week is Titan Mining, an Augusta Group company which produces zinc concentrate at its 100 percent-owned Empire State Mine located in New York state.

On August 11, the company published its Q2 results, with zinc production reaching 15 million payable pounds, up 9 percent from the prior quarter. Last week, shares of Titan Mining increased 4.88 percent to end at C$0.43.

FAQs for TSX stocks

How big is the TSX?

The TSX is Canada’s biggest stock exchange, and as of June 16, 2023, it had 1,789 listed stocks for a total market value of more than C$3.792 trillion. The TSX is often ranked as one of the 10 largest stock exchanges in the world.

Why do companies list on the TSX?

Listing on one of the world’s largest stock exchanges provides companies with greater market exposure, the ability to raise capital and an opportunity to build a strong financial reputation. In its technical guide to listing, the TSX states the exchange “offers companies a dynamic market to raise capital, enhanced liquidity, specialized indices, visibility and analyst coverage.’

What sectors are included in the S&P/TSX Composite Index?

The S&P/TSX Composite Index tracks more than 230 constituents across a wide range of sectors, of which the top five by weight are: financials (30.1 percent), energy (16.6 percent), industrials (14 percent), information technology (7.7 percent) and materials (11.9 percent).

What was the highest point for the TSX?

The TSX hit a record high of 22,213.07 points in April 2022. While the exchange was at 19,970 points as of June 16, 2023, there are high expectations that the TSX could move past the 22,000 level by the end of 2023 to set new record highs.

Data for 5 Top Weekly TSX Performers articles is retrieved each Friday after market close using TradingView’s stock screener. Only companies with market capitalizations greater than C$50 million prior to the week’s gains are included. Companies within the non-energy minerals and energy minerals are considered.

Article by Priscila Barrera; FAQs by Melissa Pistilli.

Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
ION Energy Acquires New Canadian Exploration Asset
next post
Russian and Chinese warships sail close to Japanese islands on eve of Biden’s trilateral summit

Related Posts

SEC Approves First Spot Bitcoin ETFs; Grayscale, BlackRock...

January 11, 2024

​Tech 5: Bitcoin to Complete Halving, NVIDIA Dives...

April 22, 2024

Investor Education: Why ESG Matters for Mining Companies...

September 10, 2023

Contingent Resources Increased by 328%

May 27, 2024

Trump Takes Aim at China with Deep-Sea Mining...

April 29, 2025

Charbone Hydrogen is More Than Doubling its Phase...

June 26, 2024

Toro to demerge Non-Core Assets including Dusty Nickel...

April 8, 2024

HITIQ Shifts to Consumer Market with VAFA Partnership

March 24, 2025

What is Synthetic Graphite? (Updated 2023)

November 7, 2023

HMW Project Achieves 1,000t LCE Contained Inventory as...

April 29, 2024

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Popular

    • 1

      Top 10 Countries for Natural Gas Production (Updated 2024)

      April 6, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Top 10 Uranium-producing Countries (Updated 2024)

      April 18, 2024
    • 4

      A GOP operative accused a monastery of voter fraud. Nuns fought back.

      January 3, 2025
    • 5

      Top 9 Nickel-producing Countries (Updated 2024)

      April 23, 2024
    • 6

      Australian abolitionist, Grace Forrest, receives coveted ‘Freedom from Fear’ award

      April 13, 2024
    • 7

      LME Sanctions on Russian Metal Push Copper, Nickel and Aluminum Prices Higher

      April 17, 2024

    Categories

    • Business (1,028)
    • Investing (2,046)
    • Politics (2,977)
    • Uncategorized (20)
    • World (3,347)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: thriftybanker.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thriftybanker.com | All Rights Reserved