The world of stocks and investing can be complicated and intimidating but it can also be an exhilarating way to make money if done correctly. With the right knowledge and understanding of the fundamentals of the stock market, investors can take advantage of the opportunities presented to them. One such opportunity that investors are exploiting at the moment is the Toronto Stock Exchange (TSX), which is one of the largest exchanges in North America. Over the past week, the TSX has been home to some of the most promising stocks for investors. In this article, we will discuss five of the top weekly TSX stocks, including New Gold, that are on track to achieve their 2023 guidance.
To start off, New Gold Inc. (TSX:NGD) has experienced substantial growth over the past week, increasing its share price by 16%. New Gold is a Canadian-based gold and copper producer. It is currently trading at a market cap of $735.2 million and has an average volume of 200,575. Over the course of the past year, the stock has been on a steady upward trend, showing signs of possibility for future growth. With its 2023 guidance in mind, New Gold looks to be on track to achieve its goals.
Another stock that has seen considerable growth over the past week is Canadian Natural Resources Ltd. (TSX:CNQ). Over the past seven days, the stock has made substantial gains due to its exposure to the oil and gas industry. With news of increased production output in the oil and gas sector, investors have been flocking to CNQ. Currently, the stock is trading at a market cap of $33.2 billion and has an average volume of 5.2 million.
Going forward, investors should also take note of Element Financial Corporation (TSX:EFN). The company is a specialty finance firm that focuses on providing capital solutions to small and medium sized businesses. Over the past week, Element Financial’s stock has increased by 8% and is currently trading at a market cap of $1.38 billion.
In addition, investors should take a closer look at Endeavour Mining Corp (TSX:EDV). Over the past week, the stock has gained 6.09%, and recently declared a quarterly dividend of $0.14 per share. The company is based in West Africa and focuses on producing gold in the region.
Lastly, one of the top weekly TSX stocks this week is Yamana Gold Inc. (TSX:YRI). The company is a gold mining and exploration firm that operates primarily in South America and Canada. Over the past week, the stock has seen impressive gains of 6.6%. With gold prices on the rise, Yamana is in an excellent position to capitalize on the opportunity.
The Toronto Stock Exchange is a great place for investors to find promising stocks to invest in. With the five stocks mentioned above, investors should be able to make informed decisions when it comes to picking out the top weekly TSX stocks. With the right understanding of the fundamentals and news surrounding the stocks, investors can be successful in the stock market.