Financials crack TSX top 30

A couple of financial firms ranked among the top-performing stocks on the Toronto Stock Exchange (TSX) over the past three years, according to the latest edition of the TSX30.

The exchange unveiled its list of the top 30 stocks based on dividend-adjusted share performance over the past three years.

The list is dominated by mining companies (14 of 30) and small caps in particular, as more than half (60%) of the firms on the list aren’t members of the S&P/TSX Composite Index.

U.S.-based gold and copper miner Aura Minerals Inc. topped the list with a 1,125% return over the past three years.

Tech success story Shopify Inc. ranked second and specialty insurer Trisura Group Ltd. took third spot with a 523% return over the period.

A couple of other financial services firms also made the list: consumer finance firm Goeasy Ltd. and ECN Capital Corp.

“ECN is a stronger company with better growth prospects as a result of the strength and depth of the Canadian equity market, which is a strong competitive advantage for ECN,” said Steven Hudson, CEO of ECN Capital, in a release.

Overall, the firms on the list averaged a return of more than 300%, adding a combined $248 billion in market cap over the past three years.

James Langton

James is a senior reporter for Advisor.ca and its sister publication, Investment Executive. He has been reporting on regulation, securities law, industry news and more since 1994.