- The Toronto Stock Exchange (TSX) released its 2023 TSX30, an annual ranking of the 30 top-performing stocks over a three-year period
- The companies featured on the 2023 list averaged 553 per cent share price appreciation, accounting for more than C$120 billion of value creation
- The oil and gas sector made up more than half of the list
- The mining sector is represented in seven companies among the top 30, with an average price increase of 615 per cent and a 442 per cent market capitalization increase
The Toronto Stock Exchange (TSX) released its 2023 TSX30, an annual ranking of the 30 top-performing stocks over a three-year period.
Established in 2019, The TSX Top 30 recognizes the success of TSX’s listed companies. The companies featured on the 2023 list averaged 553 per cent share price appreciation, accounting for more than C$120 billion of value creation.
The listing showcased strong representation from the natural resources sector for the second consecutive year.
The TSX30 top 5
#5: Intermediate oil and gas company Birchcliff Energy Ltd. (TSX:BIR). Three-year performance: 650 per cent. Last traded at: C$8.55 per share.
#4: Gold and base metal mining company China Gold International Resources Corp. Ltd. (TSX:CGG). Three-year performance: 703 per cent. Last traded at: C$5.94 per share.
#3: Exploration and development company Filo Corp. (TSX:FIL). Three-year performance: 1,217 per cent. Last traded at: C$20.09 per share.
#2: Oil and natural gas company NuVista Energy Ltd. (TSX:NVA). Three-year performance: 1,279 per cent. Last traded at: C$12.95 per share.
#1: Calgary-based energy company Paramount Resources Ltd. (TSX:POU). Three-year performance: 1,913 per cent. Last traded at: C$32.94 per share.
TSX30 highlights
Highlights from this year sees the oil and gas sector making up more than half of the list, as well as a significant Canadian presence, with 27 companies headquartered in Canada, and the continued success of graduates from TSX Venture Exchange (TSXV) to TSX, with 12 companies on the list.
The mining sector is represented in seven companies among the top 30, with an average price increase of 615 per cent and a 442 per cent market capitalization increase.
“This year’s TSX30 emphasizes the critical role that Canadian resource companies continue to play at home and abroad, as well as the importance of oil and gas in the world’s energy mix for years to come,” Toronto Stock Exchange CEO Loui Anastasopoulos said in a news release. “Canada has historically been a global leader in energy, and we are now establishing a similar position in energy transition. TSX will continue to be a platform for this emerging sector, enabling listed companies and investors to capitalize on the long-term growth opportunities related to energy transition, powering Canada’s economy for generations to come.”
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