- The Toronto Stock Exchange has released a list of 30 top performing stocks that saw significant growth over the last three years.
- The TSX30 list is based on the dividend-adjusted stock price performance.
- According to the TSX, the companies in this list have created approximately C$ 250 billion market capitalization.
The Toronto Stock Exchange (TSX) has announced the names of the 30 best-performing stocks in the last three years. The TSX30 list is based on the dividend-adjusted stock price performance, highlighting the diversity of the Canadian equities market.
According to the TSX, the companies in this list have created approximately C$ 250 billion market capitalization in the last three years and have recorded significant growth in the stock prices.
Let’s explore eight of these Canadian companies that saw a stock price growth of over 300 per cent in the last three years.
1. Aura Minerals Inc. (TSX:ORA)
In the last three years, Aura Minerals stock registered a growth of 1125 per cent.
Aura Minerals is involved in the exploration of copper and mid-tier gold in North and South America. It posted revenues of US$ 111.7 million in the second quarter of 2021, up from US$ 60.8 million in Q2 2021. Its operating income in Q2 2021 expanded to US$ 30.7 million.
At market close on September 14, ORA stock was priced at C$ 15 apiece, nearly 17 per cent lower than its 52-week high of C$ 17.98 (September 16, 2020). In case the stock gains momentum after making it to the TSX30 list, it could breach this number and surge further.
2. Shopify Inc. (TSX:SHOP)
Shopify, one of the largest e-commerce platform in Canada, recorded a stock price growth of 846 per cent in the last three years.
As the e-commerce industry boomed during the pandemic, Shopify's growth was notably significant. In Q2 2021, its total revenue surged by 57 per cent year-over-year (YoY) to US$ 1,119.4 million.
In addition, its net income from US$ 36 million in Q2 2020 to US$ 879.1 million in the latest quarter.
At market close on September 14, SHOP stock was priced at C$ 1,838.94 per share.
3. Trisura Group Ltd. (TSX:TSU)
Trisura Group, one of the leading specialty insurance companies in Canada, noted a stock growth of 523 per cent in the last three years.
TSU stock has also catapulted by 113 per cent in the past one year, outperforming the Toronto Stock Exchange 300 Composite Index's growth of about 70 per cent.
Trisura Group’s multiple business segments include Trisura Specialty, Trisura Guarantee and Trisura International.
TSU stock was priced at C$ 44.21 per share at market close on September 14.
4. Ballard Power Systems Inc. (TSX:BLDP)
With a price growth of 495 per cent in the last three years, Ballard Power is among the popular clean energy stocks in Canada. It is involved in the production and distribution of fuel cells.
On September 7, the clean energy company announced a strategic partnership with Quantron AG to develop hydrogen fuel cells for electric trucks that would help lower global carbon emissions.
BLDP stock surged by four per cent in the past month. At market close on September 14, the stock was priced 27 per cent higher at C$ 19.69 apiece against its 52-week low of C$ 15.5 (May 11, 2021).
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5. Capstone Mining Corp. (TSX:CS)
The British Columbia-based company’s stock recorded a growth of 433 per cent in the last three years.
With operating mines in the US, Canada and Mexico, Capstone Mining is mainly involved in the exploration and production of copper. It is also involved in the production of silver, gold, lead, zinc and molybdenum.
Capstone generate an operating cash flow of US$ 110 million and a net cash of US$ 172 million with zero drawn long-term debt in the second quarter of fiscal 2021.
Copper production is said to have totalled at 91.1 million in the six months ending June 30, 2021, up from 74 million in the same comparable period a year ago.
Also Read: Got $500? 5 best TSX stocks to buy in 2021
6. Champion Iron Limited (TSX:CIA)
Champion Iron Limited saw its stocks grow by 365 per cent in the last three years.
The Quebec-based company is engaged in the exploration and development of iron ore properties.
CIA stock has expanded by 81 per cent since the past year and surged by 11 per cent year-to-date (YTD).
Priced at C$ 5.12 per share at market close on September 14, CIA stock was up by 109 per cent in comparison to its 52-week low of C$ 2.45 apiece (September 24, 2020).
In terms of financial performance, Champion Iron posted an EBITDA of C$ 405.7 million and a net income of C$ 224.3 million in Q1 FY22.
7. goeasy Ltd. (TSX:GSY)
With a growth of 327 per cent, TSX ranked goeasy's scrip as one of the top performing stocks in the Canadian stock market in the last three years.
The company provides financial services to consumers who want to own furniture, appliances, electronic goods, and computers.
GSY stock recorded a surge of about 231 per cent in the last twelve months, surpassing the S&P/TSX Diversified Financials’s growth of 115 per cent.
8. Orla Mining Ltd (TSX:OLA)
Orla Mining holds several mining projects, including that of gold and silver. It is engaged in the exploration and acquisition of mineral properties with business interests in countries like the US, Panama, Canada, and Mexico.
After a continuous decline for about three months, OLA stock seems to be gaining a positive momentum as it surged by about two per cent in the past month.
At the end of the trading session on September 14, it was priced at C$ 4.78 per share.
The difference between its close and 30-day simple moving average was 1.9.
Keeping a diversified portfolio investment is often a common advice given by stock market experts. The TSX30 list could help you take note of diversified stocks that could rake in long-term returns.