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What are we looking for?

To spark potential investment ideas, we are looking for TSX stocks with the largest price appreciation since Jan. 1.

The screen

There are 844 companies that trade on the TSX big board:

  • Artificial Intelligence at Report on Business created a total return year-to-date calculation for every TSX stock and ranked the top 25. Simple as that.
  • We’ve included return on equity (ROE). This is often used by growth investors to see how effectively a company’s management is operating the business.

What we found

Top TSX gainers in 2023

TICKERCOMPANYLASTYTD (TR) (%)52W (%)ROEMARKET CAPSECTORSTRUCTURE
SHOP-TShopify81.4867.5673.61%-21.03%Very LargeTechnologySensitive
BB-TBlackBerry7.1861.224-13.91%-60.84%Very LargeTechnologySensitive
BLU-TBELLUS Health19.6977.52786.64%-26.76%LargeHealthcareDefensive
CGG-TChina Gold International Resources5.5261.01435.63%12.67%LargeBasic MaterialsCyclical
CXB-TCalibre Mining1.5381.11124.39%10.86%MediumBasic MaterialsCyclical
WFC-TWall Financial2070.3756.25%22.90%MediumFinancial ServicesCyclical
HUT-THut 8 Mining2.8124.138-12.50%-33.90%MediumFinancial ServicesCyclical
HPS-A-THammond Power Solutions42.02114.935169.36%31.95%MediumEnergySensitive
BITF-TBitfarms1.62175-30.17%-67.19%MediumFinancial ServicesCyclical
PPTA-TPerpetua Resources5.9472.15233.18%-28.77%MediumBasic MaterialsCyclical
VLN-TVelan12.88138.95143.27%-23.87%SmallIndustrialsSensitive
XTRA-TXtract One Technologies1.12120-72.44%SmallTechnologySensitive
DCM-TDATA Communications Management2.8380.69119.38%47.44%SmallIndustrialsSensitive
KITS-TKits Eyecare4.6966.045131.03%-6.28%SmallConsumer DiscretionaryCyclical
EPRX-TEupraxia Pharmaceuticals6.75100375.35%-139.94%SmallHealthcareDefensive
COG-TCondor Gold0.4763.934-4.08%-6.03%SmallBasic MaterialsCyclical
NHK-TNighthawk Gold0.6169.4443.39%-92.98%SmallBasic MaterialsCyclical
XAM-TXanadu Mines0.046060.00%-9.44%MicroBasic MaterialsCyclical
SHLE-TSource Energy Services5.41226.984135.22%91.99%MicroEnergySensitive
SMT-TSierra Metals0.464.583-65.81%-60.36%MicroBasic MaterialsCyclical
IFA-TiFabric1.2275.325-31.84%2.86%NanoConsumer DiscretionaryCyclical
OGD-TOrbit Garant Drilling0.8168.758.00%6.10%NanoBasic MaterialsCyclical
FLOW-TFlow Beverage0.46131.579-33.33%-102.07%NanoConsumer StaplesDefensive
NCF-TNorthcliff Resources0.03580-12.50%-9.99%NanoBasic MaterialsCyclical
GLG-TGLG Life Tech0.0566.667-37.50%NanoIndustrialsSensitive

Source: StockCalc

Source: Stockcalc

The list is sorted by market cap. Companies on this list are worthy of further research, including:

  • Source Energy Services SHLE-T is the largest grower on this list and is up from its price 52 weeks ago. Yet in April only 142 Globe readers looked it up. What gives? Source Energy is involved in the production and logistics of sand used for fracking. While the industry is unlikely to repeat its 2011-14 boom, the narrative is that the industry is stabilizing and, if so, Source Energy’s strong recent earnings and transition to profitability make it worth investigating.
  • Bellus Health BLU-T is a biopharmaceutical company developing late-stage drugs for chronic cough conditions that don’t respond to traditional treatments. In April it was announced Bellus would be acquired by British drug giant GSK for US$2-billion and the share price doubled overnight. The global chronic-cough market is expected to hit US$10-billion by 2027. Long-term investors will factor this potential in with upcoming Bellus trial results expected in 2024.
  • Shopify SHOP-T shot up 33 per cent since it reported strong earnings on May 4, laid off 23 per cent of its work force and announced it would sell their logistics business. The Ottawa-based e-commerce giant – while an expensive stock – appears to be in a position to meaningfully increase its revenue.

More about Artificial Intelligence at Report on Business

Artificial Intelligence at Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation.

Continuing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 05/04/24 11:59pm EDT.

SymbolName% changeLast
SHLE-T
Source Energy Services Ltd
+5.87%11.54
SHOP-T
Shopify Inc
+1.14%79.63
BB-T
Blackberry Ltd
-2.66%4.02
CGG-T
China Gold Int Resources Corp
-0.22%9.19
CXB-T
Calibre Mining Corp
+3.62%2.29
WFC-T
Wall Financial
0%20.77
HPS-A-T
Hammond Power Solutions Inc Cl A. Sv
+2.33%119.7
HUT-T
Hut 8 Corp
+2.47%12.45
BITF-T
Bitfarms Ltd
-2.47%2.37
PPTA-T
Perpetua Resources Corp
-0.9%7.68
XTRA-T
Patriot One Technologies Inc
-2%0.49
VLN-T
Velan Inc Sv
-2.66%5.86
DCM-T
Data Communications Mgmt Corp
-0.34%2.95
KITS-T
Kits Eyecare Ltd
+0.62%6.45
EPRX-T
Eupraxia Pharmaceuticals Inc
+1.01%4
COG-T
Condor Gold Plc
0%0.54
XAM-T
Xanadu Mines Ltd
+7.69%0.07
SMT-T
Sierra Metals Inc
+6.9%0.93
IFA-T
Ifabric Corp
+3.31%1.25
OGD-T
Orbit Garant Drilling Inc
-1.54%0.64
FLOW-T
Flow Beverage Corp
+8.11%0.2
NCF-T
Northcliff Resources Ltd
0%0.02
GLG-T
Glg Life Tech Corp
0%0.05

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