17 Sep Nearly half of TSX’s top 30 performing stocks are miners, TMX reports
Canada’s TMX Group has published its TSX30 ranking for 2020, which revealed that 14 of the 30 top performing stocks on the Toronto Stock Exchange (TSX) this year are mining companies.
Founded last year, the TSX30 ranks stocks based on dividend-adjusted share price appreciation over a three-year period. Mining companies in the 2020 ranking posted an average three-year share price performance of 223%.
The best performing mining stock in this year’s list was Kirkland Lake Gold, which recorded an average share price rise of 363% over the last three years. Behind Kirkland Lake was Alacer Gold (349%), International Tower Hill Mines (292%), Wesdome Gold Mines (285%) and Dundee Precious Metals (273%).
Other high performing mining companies included in the TSX30 were: Teranga Gold, Trilogy Metals, Orla Mining, Champion Iron, Sandstorm Gold, Wheaton Precious Metals, Yamana Gold, Lundin Gold and SSR Mining, while Sprott, a significant investor in the mining and metals industry, also made the list.
“The TSX30 demonstrates the strength of the Canadian capital markets ecosystem and the ability of Canadian companies to compete globally, despite unique circumstances,” said TMX Group’s Richard Goodman, head of capital development at the TSX and the TSX Venture Exchange.