TSX rises on EU hopes; Silvercorp jumps 17%

SAN FRANCISCO (MarketWatch) -- Canadian stocks were slightly higher on Monday after progress in this weekend's European Union summit lifted investor sentiment. At last check, the benchmark S&P/TSX Composite Index gained 135.75 points, or 1.1%, at 12,085.24. Metals and mining stocks led gains in Toronto, as gold futures tracked the rise in U.S. stocks. Shares of Teck Resources Ltd. added 4.7% while shares of First Quantum Minerals Ltd. /zigman2/quotes/209694942/delayed CA:FM -4.46% picked up 6.8%. Among notable movers, shares of Silvercorp Metals Inc. /zigman2/quotes/210397281/delayed CA:SVM -1.27% soared 17.1% after the miner said an audit of the company's accounting practices backed the company's financial statements against recent fraud allegations. The Canadian dollar strengthened 0.4% against its U.S. counterpart /zigman2/quotes/210561978/realtime/sampled USDCAD +0.0585% , with one U.S. dollar recently purchasing 1.005 Canadian, versus 1.0088 late Friday.

/zigman2/quotes/209694942/delayed

Add to watchlist CA:FM

First Quantum Minerals Ltd.

CA : Canada: Toronto

$ 30.66

-1.43 -4.46%

Volume: 1.28M

Oct. 2, 2023 4:15p

P/E Ratio

39.85

Dividend Yield

0.52%

Market Cap

$22.24 billion

Rev. per Employee

N/A

/zigman2/quotes/210397281/delayed

Add to watchlist CA:SVM

Silvercorp Metals Inc.

CA : Canada: Toronto

$ 3.12

-0.04 -1.27%

Volume: 128,634

Oct. 2, 2023 4:16p

P/E Ratio

21.02

Dividend Yield

1.07%

Market Cap

$558.74 million

Rev. per Employee

$193,353

/zigman2/quotes/210561978/realtime/sampled

Add to watchlist USDCAD

Canadian Dollar

US : Tullett Prebon

1.3684

+0.0008 +0.0585%

Volume: 0.0000

Oct. 2, 2023 8:48p