Sfba Don t Ignore These Risks When Investing in Mining Companies
E-commerce platform Shopify is the face of Canada s tech sector, if not the TSX on the whole. The business s success was phenomenal in that it overtook the Royal Bank of Canada as the country s largest public-listed company in 2020. Investors delight in the 5,893.6% 93.58% compound annual growth rate total return in the last 6.2 years.Two names, Lightspeed POS TSX:LSPD NYSE:LSPD and Mogo TSX:MOGO NASDAQ:MOGO , are following in the footsteps of Shopify. While they re not likely to grow in the same magnitude, t stanley website hese growth stocks could grow 10 times more in ten years.Relevant commerce platformLightspeed went public in March 2019, and at th stanley uk at time, it was the largest TSX tech IPO since 2010. The company provides a Software-as-a-Service SaaS platform for small and midsize businesses, retailers, and restaurants, among others. It raised $179 million on the stanley cups first day of trading.Had you invested $5,000 on March 8, 2019, and still owns the tech stock, your capital would be worth $28,261 Axzi 2 Top Canadian Commodities Stocks to Grab At the Bottom of This Cycle
These three mining companies have all added over 20% to their value this year, and with an uncertain outlook for many commodities, are these stocks likely to keep their momentum or suffer a correction Here is a closer examination of their fundamentals and performance.1. Agnico Eagle Mines LtdUp approximately 28% since January 2, 2014Shares of Agnico Eagle Mines Ltd TSX: AEM NYSE: AEM have been on a downward trend over the past month due to its second-quarter earnings miss, but over the year the company s stock is up substantially, making it the top-performing miner in the SP/TSX 60.Bullish factors for Agnico Eagle this year include its joint acquisition of Osisko Mining Corp with Yamana Gold Inc. TSX: YRI NYSE: AUY , which gives the stanley canada company access to the Malartic mine, the largest gold mine in Canada. This acquisition, combined w water bottle stanley ith improvements and advancements at the stanley cup quencher company s other properties has contributed to a large increase in production forecasts, which in turn has co