Breaking News
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

Top 3 Best-Performing TSX Stocks in 2021

Stock MarketsSep 16, 2021 13:45
Saved. See Saved Items.
This article has already been saved in your Saved Items
Top 3 Best-Performing TSX Stocks in 2021

This week, the Toronto Stock Exchange (TSX) announced the 2021 TSX30™ – the 30 best-performing stocks of the past three years. Financial institutions, small-cap challengers, and miners all topped the list. But here are the top three best performers that surged above the rest.

Best TSX stock #1 Aura Minerals (TSX:ORA), a little-known gold and copper miner, topped the list of best performers over the past three years. However, investors need to take a closer look at why this stock topped the list.

Aura stock is up 1,070% since September 2019 for a compound annual growth rate of 118%. But much of that gain was generated between October 2019 and September 2020. The stock surged as the world dealt with the pandemic and concerns about inflation pushed the price of gold higher.

Since 2020, the stock has been flat. That doesn’t mean it’s a dead-end, however. It’s now trading at just seven times earnings per share and offers an unbelievable 7.22% dividend yield. Some believe the price of gold and copper could keep rising higher, in which case this stock could resume its epic run. If not, at least it’s a dividend stock worthy of holding.

Best TSX stock #2 The second entry on this list is unsurprising: Shopify (TSX:SHOP)(NYSE:SHOP). No other Canadian tech stock has had this much success in this little time. Shopify went from a niche e-commerce play to the second-largest online shopping platform in the world in less than a decade.

Investors who got in early are sitting on tremendous profits. Shopify stock is up 5,450% since it was listed in 2016. However, its performance has slowed down in recent years as it grows larger. Since 2019, the stock is up just 840%. While that’s still a great run, the trend is clear: future growth will be lower.

At the time of writing, Shopify’s market value is $233 billion. Meanwhile, Jeff Bezos’ behemoth is worth roughly $2 trillion. In other words, Shopify could have a 1,000% gain ahead of it, but not much more. It’s now a mature company and investors need to be aware of this while adding it to their portfolio.

Best TSX stock #3 This list wouldn’t be complete without at least one financial stock. The banking and finance sector is one of the largest components of Canada’s economy, so investors should expect exceptional growth stocks here. Insurance giant Trisura Group (TSX:TSU) makes the cut. It’s the third-best performer since 2019, according to the TSX report. Trisura stock is up 523% since then.

The stock wasn’t very exciting before 2020. Then the pandemic happened, stocks crashed and Trisura had an epic rally. It’s is up 350% since late 2020. Despite that run, it’s still fairly valued. It trades at a price-to-earnings ratio of 34.

Insurance is a relatively safe and reliable business, which is why Trisura should be on your list if you’re concerned about the economic cycle plunging in the months ahead.

The post Top 3 Best-Performing TSX Stocks in 2021 appeared first on The Motley Fool Canada.

Fool contributor Vishesh Raisinghani has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Shopify and TRISURA GROUP LTD. The Motley Fool recommends the following options: long January 2023 $1,140 calls on Shopify and short January 2023 $1,160 calls on Shopify.

This Article Was First Published on The Motley Fool

Top 3 Best-Performing TSX Stocks in 2021

Related Articles

5 Dividend Aristocrats Perfect for Down Markets
5 Dividend Aristocrats Perfect for Down Markets By The Motley Fool - Oct 24, 2021

Looking for solid stocks to buy in a down market? If so, Dividend Aristocrats are just what the doctor ordered. A Dividend Aristocrat is a stock that has not only paid, but also...

TFSA Pension: 2 Top TSX Stocks to Buy Now for 2022
TFSA Pension: 2 Top TSX Stocks to Buy Now for 2022 By The Motley Fool - Oct 24, 2021

Tax-Free Savings Account (TFSA) investors are looking for attractive stocks to buy for their self-directed retirement accounts heading into 2022. The winners next year could be...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
Sign up with Email