2024 has been described as an “exceptional year for investors,” with indexes recording significant gains. For some stocks, however, “exceptional” might be underselling their performance.
The S&P/TSX Composite index is up over 18 per cent in 2024, but certain companies have seen gains beyond double digits. These are the five stocks traded on the Toronto Stock Exchange (TSX) that have performed better than all others since the start of the year. This list excludes stocks traded on the TSX Venture Exchange.
Anything can happen in the markets, and with two trading days left in the year, it remains too early to declare these the year’s definitive top performers. At market close on December 27, this is where the rankings stand.
The immunotherapy company (MDNA.TO) with headquarters in Toronto develops innovative treatments with a focus on cancer. It has seen its shares go up nearly 312 per cent this year, from $0.41 in late December 2023 to $1.73 as at market close Friday. Medicenna’s current market capitalization is $135.2 million.
Headquartered in Colorado with a Canadian office in Calgary, Intermap (IMP.TO) captures and works with geospatial data, with applications in everything from natural resources to defence. Intermap’s market capitalization is $136.9 million. The company’s stock is up 311 per cent this year, rising from $0.60 to $2.59.
The Idaho-based mining company’s key holding is the Stibnite Gold project, which includes the sole U.S. reserve of antimony, a so-called “critical mineral” used in semiconductors. Perpetua’s (PPTA.TO) stock has risen almost 285 per cent this year, from $4.24 to $16.12. The company has a market capitalization of $1.131 billion.
Burlington, Ont.’s Anaergia (ANRG.TO) is a waste-management company with a sustainability focus, using organic waste to produce energy, water and fertilizer. Its market capitalization is $152.3 million. The stock is up 260 per cent this year, from $0.25 on January 2 to $0.90 at market close on Friday.
Technology company Celestica (CLS.TO), based in Toronto, does business in various domains, including switching technology for the booming data centre industry. It has a market cap of $15.95 billion. The company’s shares have risen around 253 per cent this year, from $38.25 to $137.10.
John MacFarlane is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jmacf.
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