Globe says Denison, others added to S&P/TSX Comp
Denison Mines Corp (C:DML)
Shares Issued 723,198,252
Last Close 3/15/2021 $1.63
Tuesday March 16 2021 - In the News
Also Organigram Holdings Inc (C:OGI) In the News
Also Village Farms International Inc (C:VFF) In the News
Also AcuityAds Holdings Inc (C:AT) In the News
Also Canaccord Genuity Group Inc (C:CF) In the News
Also Lithium Americas Corp (2) (C:LAC) In the News
Also Lundin Gold Inc (C:LUG) In the News
The Globe and Mail reports in its Tuesday edition that Canada's primary stock index will add 13 companies next week. The Globe's David Milstead writes that S&P Dow Jones Indices, manager of the S&P/TSX Composite Index, said Lithium Americas, OrganiGram Holdings and Village Farms International will join prior to the open of trading on March 22. The other additions are AcuityAds Holdings, Canaccord Genuity Group, Denison Mines, Dye & Durham, Endeavour Silver, goeasy, NexGen Energy, SunOpta, Turquoise Hill Resources and Westport Fuel Systems. The only deletion is Lundin Gold. The changes mean the index will comprise 231 members, bringing it closer to past levels when it has held as many as 250 companies. Market tumult and other corporate changes had caused the index to drop to the current 219 members. No changes are planned for the S&P/TSX 60, an index of select larger-capitalization stocks. With the growth of index funds and other passive-investing strategies, whether a stock is part of a major index can have a meaningful effect on share prices. Fund managers who track an index need to hold shares in the companies. The stocks can see a price bump before and even after inclusion.