10 most iconic stocks of 2021 that gained over 120% YTD

Highlights 

• An oil and gas player that operates in Canada and the US saw its stock price surge by over 430 per cent year-to-date (YTD).
• A Canadian industrials player’s stock price shot up by nearly 238 per cent YTD.
• The crypto stock has soared by over 224 per cent YTD, while securing a one-year growth of nearly 448 per cent.

With 2021 coming to an end, it is time to hit the rewind button again and re-access how we did through the year. And that includes looking up the best performing stocks of 2021 for Canadian investors.

While there are many ways to rank the best of stocks, today we will be looking up 10 iconic stocks that scored a return of more than 120 per cent on the Toronto Stock Exchange (TSX) this year.

Let’s begin with an oil and gas giant.

Also read: 5 Canadian multibagger stocks of 2021

1.   Baytex Energy (TSX:BTE)

Baytex Energy Corp, an oil and gas player that operates in Canada and the US, saw its stock price surge by over 430 per cent year-to-date (YTD).

Having expanded by more than 363 per cent in a year, the energy scrip closed at a value of C$ 3.66 apiece on Wednesday, December 15.

Earlier in December, Baytex Energy said that its board has signed off on a capital budget of C$ 400 to C$ 450 million for the year of 2022. This budget, the firm said, was aimed at generating an average yearly production of 80,000 to 83,000 barrels of oil equivalent per day (boe/d).

2.   Bombardier Inc (TSX:BBD.B) 

Bombardier Inc, an industrials giant that now concentrates solely on business jet manufacturing, rose from the ashes of debt and bad business choices to gain some momentum this year.

The company, which worked on a series of asset sales over the past year, reported a 17 per cent year-over-year (YoY) surge in its business aircraft revenue of US$ 1.4 billion.

Its stock price, on the other hand, shot up by nearly 238 per cent YTD and by about 252 per cent in a year, closing at C$ 1.62 apiece on December 15.

3.   Enerplus Corp (TSX:ERF)

Enerplus Corp, which engages in the production and development of oil and gas assets in Canada and the US, noted a stock price growth of nearly 214 per cent this year.

The energy stock, having grown over 185 per cent in a year, ended trading at C$ 12.49 apiece on December 15.

4.   Voyager Digital Ltd (TSX:VOYG)

Voyager Digital Ltd saw its stock price jump by nearly seven per cent to close at C$ 16.21 apiece on December 15 after it became the first crypto brokerage platform ever to partner with the National Women's Soccer League (NWSL).

The crypto stock has soared by over 224 per cent YTD, while securing a one-year growth of nearly 448 per cent.

Also read: 5 top Canadian renewable stocks of 2021

5.   Paramount Resources Ltd (TSX:POU)

Paramount Resources Ltd, also a Canadian energy player, saw its stock price inflate by over 316 per cent in 2021.

In the last one year, the oil and gas stock increased by over 358 per cent to close at C$ 20.8 apiece on December 15.

Paramount, which pays a monthly dividend of C$ 0.06, saw its sales volumes average at 82,150 boe/d in Q3 2021, while its cash from operating activities amounted to C$ 97 million.

6.   MEG Energy Corp (TSX:MEG)

MEG Energy, which focuses on developing and producing in situ oil sands in Canada’s Alberta province, saw its stock price rise by about 151 per cent in 2021.

On December 15, MEG stock closed at C$ 11.15 apiece, having increased by over seven per cent this month.

MEG Energy holds a market cap of C$ 3.4 billion and a price-to-earnings (P/E) ratio of 29.2. 

7.   Vermilion Energy Inc (TSX:VET) 

Vermilion Energy Inc, which derives most of its revenue from producing and selling petroleum and natural gas, saw its stock price grow by nearly 142 per cent in 2021.

The energy scrip also expanded by over 117 per cent in a year and closed at a value of C$ 13.72 on December 15.

Vermilion recently announced that its board has greenlit an E&D capital budget of about C$$ 425 million for the year 2022.

8.   Lithium Americas Corp (TSX:LAT)

Stocks of Lithium Americas Corp galloped by about 148 per cent in 2021 and surged by over 221 per cent in a year.

The lithium producer, which is said to working on three production assets at the moment, noted a market cap of C$ 4.7 billion and a closing stock price of C$ 39.56 apiece of December 15.

9.   Tourmaline Oil Corp (TSX:TOU)

Tourmaline Oil Corp is known to focus on the Western Canada Sedimentary Basin for the purposes of exploring and producing oil and gas.

Its share prices shot up by over 134 per cent YTD and noted a one-year surge of about 121 per cent on December 15, when it closed at C$ 39.51 apiece.

Tourmaline is set to dole out a quarterly dividend of C$ 0.18 this month-end.

10. Converge Technology Solutions Corp (TSX:CTS)

Stocks of Converge Technology Solutions Corp rocketed by nearly 126 per cent this year.

Before closing at a value of C$ 11.22 on December 15, it recorded a one-year stock price surge of nearly 202 per cent.

Converge, which is a Canadian tech firm focused on developing a platform of Hybrid IT infrastructure providers, held a market cap of C$ 2.36 billion and P/E ratio of 187.

Bottomline

Researching on a diverse list of stocks can help investors get an idea of which companies suit their investment portfolio the best. While past performance cannot be a guarantee of how a company or its stock may function in the future, it still can give one a rough picture of the enterprise’s tenacity and grit.