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S&P/TSX SmallCap
Components

Top S&P/TSX SmallCap Companies by Market Cap and Stocks in 2025

This is the list of the largest public listed companies in the S&P/TSX SmallCap index ranked by market capitalization, together with links to their reference stock, sector and industry.

S&P/TSX SmallCap Chart & Analysis

Top S&P/TSX SmallCap Companies Ranking by Market Cap as of Jan. 1, 2025

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Ranking Company Stock Market Cap (USD) Country Sector Industry
1 Hudbay Minerals Inc. HBM wb_incandescent $3.65 B Canada Canadian Basic Materials Canadian Copper
2 IAMGOLD Corporation IMG wb_incandescent $3.17 B Canada Canadian Basic Materials Canadian Gold
3 CI Financial Corp. CIX wb_incandescent $3.10 B Canada Canadian Financials Canadian Asset Management
4 Filo Mining Corp FIL wb_incandescent $2.99 B Canada Canadian Basic Materials Canadian Other Industrial Metals & Mining
5 Chartwell Retirement Residences CSH.UN wb_incandescent $2.94 B Canada Canadian Real Estate Canadian REIT—Healthcare Facilities
6 Equinox Gold Corp. EQX wb_incandescent $2.68 B Canada Canadian Basic Materials Canadian Gold
7 Secure Energy Services Inc. SES wb_incandescent $2.61 B Canada Canadian Energy Canadian Oil & Gas Equipment & Services
8 MDA Ltd MDA wb_incandescent $2.39 B Canada Canadian Industrials Canadian Aerospace & Defense
9 Hut 8 Mining Corp. HUT wb_incandescent $2.36 B Canada Canadian Financials Canadian Capital Markets
10 Peyto Exploration & Development Corp. PEY wb_incandescent $2.30 B Canada Canadian Energy Canadian Oil & Gas E&P
11 Winpak Ltd. WPK wb_incandescent $2.17 B Canada Canadian Consumer Discretionary Canadian Packaging & Containers
12 First Majestic Silver Corp. FR wb_incandescent $2.08 B

(July 1, 2024)

Canada Canadian Basic Materials Canadian Silver
13 New Gold Inc. NGD wb_incandescent $2.00 B Canada Canadian Basic Materials Canadian Gold
14 goeasy Ltd. GSY wb_incandescent $1.98 B Canada Canadian Financials Canadian Credit Services
15 OceanaGold Corporation OGC wb_incandescent $1.96 B Canada Canadian Basic Materials Canadian Gold
16 NuVista Energy Ltd. NVA wb_incandescent $1.91 B Canada Canadian Energy Canadian Oil & Gas E&P
17 Exchange Income Corporation EIF wb_incandescent $1.87 B Canada Canadian Industrials Canadian Airlines
18 Athabasca Oil Corporation ATH wb_incandescent $1.84 B Canada Canadian Energy Canadian Oil & Gas E&P
19 Altus Group Limited AIF wb_incandescent $1.80 B Canada Canadian Real Estate Canadian Real Estate Services
20 Crombie Real Estate Investment Trust CRR.UN wb_incandescent $1.80 B Canada Canadian Real Estate Canadian REIT—Diversified
21 Orla Mining Ltd. OLA wb_incandescent $1.80 B Canada Canadian Basic Materials Canadian Gold
22 Allied Properties Real Estate Investment Trust AP.UN wb_incandescent $1.76 B Canada Canadian Real Estate Canadian REIT—Office
23 First National Financial Corporation FN wb_incandescent $1.74 B Canada Canadian Financials Canadian Mortgage Finance
24 Torex Gold Resources Inc. TXG wb_incandescent $1.71 B Canada Canadian Basic Materials Canadian Gold
25 Russel Metals Inc. RUS wb_incandescent $1.71 B Canada Canadian Industrials Canadian Industrial Distribution
26 Denison Mines Corp. DML wb_incandescent $1.70 B Canada Canadian Energy Canadian Uranium
27 Sandstorm Gold Ltd. SSL wb_incandescent $1.66 B Canada Canadian Basic Materials Canadian Gold
28 BlackBerry Limited BB wb_incandescent $1.63 B Canada Canadian Technology Canadian Software—Infrastructure
29 North West Company Inc. NWC wb_incandescent $1.62 B Canada Canadian Consumer Staples Canadian Grocery Stores
30 Tamarack Valley Energy Ltd. TVE wb_incandescent $1.62 B Canada Canadian Energy Canadian Oil & Gas E&P

Top S&P/TSX SmallCap Companies Ranking by Market Cap as of Jan. 1, 2025

1. Hudbay Minerals Inc.

Company Profile: Hudbay Minerals Inc.
Market Cap (USD): $3.65 B
Stock: HBM wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Copper

2. IAMGOLD Corporation

Company Profile: IAMGOLD Corporation
Market Cap (USD): $3.17 B
Stock: IMG wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Gold

3. CI Financial Corp.

Company Profile: CI Financial Corp.
Market Cap (USD): $3.10 B
Stock: CIX wb_incandescent
Country: Canada
Sector: Canadian Financials
Industry: Canadian Asset Management

5. Chartwell Retirement Residences

Company Profile: Chartwell Retirement Residences
Market Cap (USD): $2.94 B
Stock: CSH.UN wb_incandescent
Country: Canada
Sector: Canadian Real Estate
Industry: Canadian REIT—Healthcare Facilities

6. Equinox Gold Corp.

Company Profile: Equinox Gold Corp.
Market Cap (USD): $2.68 B
Stock: EQX wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Gold

7. Secure Energy Services Inc.

Company Profile: Secure Energy Services Inc.
Market Cap (USD): $2.61 B
Stock: SES wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas Equipment & Services

8. MDA Ltd

Company Profile: MDA Ltd
Market Cap (USD): $2.39 B
Stock: MDA wb_incandescent
Country: Canada
Sector: Canadian Industrials
Industry: Canadian Aerospace & Defense

9. Hut 8 Mining Corp.

Company Profile: Hut 8 Mining Corp.
Market Cap (USD): $2.36 B
Stock: HUT wb_incandescent
Country: Canada
Sector: Canadian Financials
Industry: Canadian Capital Markets

10. Peyto Exploration & Development Corp.

Company Profile: Peyto Exploration & Development Corp.
Market Cap (USD): $2.30 B
Stock: PEY wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas E&P

11. Winpak Ltd.

Company Profile: Winpak Ltd.
Market Cap (USD): $2.17 B
Stock: WPK wb_incandescent
Country: Canada
Sector: Canadian Consumer Discretionary
Industry: Canadian Packaging & Containers

12. First Majestic Silver Corp.

Company Profile: First Majestic Silver Corp.
Market Cap (USD): $2.08 B (July 1, 2024)
Stock: FR wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Silver

13. New Gold Inc.

Company Profile: New Gold Inc.
Market Cap (USD): $2.00 B
Stock: NGD wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Gold

14. goeasy Ltd.

Company Profile: goeasy Ltd.
Market Cap (USD): $1.98 B
Stock: GSY wb_incandescent
Country: Canada
Sector: Canadian Financials
Industry: Canadian Credit Services

15. OceanaGold Corporation

Company Profile: OceanaGold Corporation
Market Cap (USD): $1.96 B
Stock: OGC wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Gold

16. NuVista Energy Ltd.

Company Profile: NuVista Energy Ltd.
Market Cap (USD): $1.91 B
Stock: NVA wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas E&P

17. Exchange Income Corporation

Company Profile: Exchange Income Corporation
Market Cap (USD): $1.87 B
Stock: EIF wb_incandescent
Country: Canada
Sector: Canadian Industrials
Industry: Canadian Airlines

18. Athabasca Oil Corporation

Company Profile: Athabasca Oil Corporation
Market Cap (USD): $1.84 B
Stock: ATH wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas E&P

19. Altus Group Limited

Company Profile: Altus Group Limited
Market Cap (USD): $1.80 B
Stock: AIF wb_incandescent
Country: Canada
Sector: Canadian Real Estate
Industry: Canadian Real Estate Services

20. Crombie Real Estate Investment Trust

Company Profile: Crombie Real Estate Investment Trust
Market Cap (USD): $1.80 B
Stock: CRR.UN wb_incandescent
Country: Canada
Sector: Canadian Real Estate
Industry: Canadian REIT—Diversified

21. Orla Mining Ltd.

Company Profile: Orla Mining Ltd.
Market Cap (USD): $1.80 B
Stock: OLA wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Gold

22. Allied Properties Real Estate Investment Trust

Company Profile: Allied Properties Real Estate Investment Trust
Market Cap (USD): $1.76 B
Stock: AP.UN wb_incandescent
Country: Canada
Sector: Canadian Real Estate
Industry: Canadian REIT—Office

23. First National Financial Corporation

Company Profile: First National Financial Corporation
Market Cap (USD): $1.74 B
Stock: FN wb_incandescent
Country: Canada
Sector: Canadian Financials
Industry: Canadian Mortgage Finance

24. Torex Gold Resources Inc.

Company Profile: Torex Gold Resources Inc.
Market Cap (USD): $1.71 B
Stock: TXG wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Gold

25. Russel Metals Inc.

Company Profile: Russel Metals Inc.
Market Cap (USD): $1.71 B
Stock: RUS wb_incandescent
Country: Canada
Sector: Canadian Industrials
Industry: Canadian Industrial Distribution

26. Denison Mines Corp.

Company Profile: Denison Mines Corp.
Market Cap (USD): $1.70 B
Stock: DML wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Uranium

27. Sandstorm Gold Ltd.

Company Profile: Sandstorm Gold Ltd.
Market Cap (USD): $1.66 B
Stock: SSL wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Gold

28. BlackBerry Limited

Company Profile: BlackBerry Limited
Market Cap (USD): $1.63 B
Stock: BB wb_incandescent
Country: Canada
Sector: Canadian Technology
Industry: Canadian Software—Infrastructure

29. North West Company Inc.

Company Profile: North West Company Inc.
Market Cap (USD): $1.62 B
Stock: NWC wb_incandescent
Country: Canada
Sector: Canadian Consumer Staples
Industry: Canadian Grocery Stores

30. Tamarack Valley Energy Ltd.

Company Profile: Tamarack Valley Energy Ltd.
Market Cap (USD): $1.62 B
Stock: TVE wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas E&P