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S&P/TSX SmallCap
Components

Top S&P/TSX SmallCap Companies by Market Cap and Stocks in 2026

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, 2026

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Ranking Company Stock Market Cap (USD) Country Sector Industry
31 NuVista Energy Ltd. NVA $2.64 B Canada Canadian Energy Canadian Oil & Gas E&P
32 Sprott Inc. SII $2.62 B Canada Canadian Financials Canadian Asset Management
33 MDA Ltd MDA $2.54 B Canada Canadian Industrials Canadian Aerospace & Defense
34 Athabasca Oil Corporation ATH $2.53 B Canada Canadian Energy Canadian Oil & Gas E&P
35 Wesdome Gold Mines Ltd. WDO $2.39 B Canada Canadian Basic Materials Canadian Gold
36 BlackBerry Limited BB $2.25 B Canada Canadian Technology Canadian Software—Infrastructure
37 MAG Silver Corp. MAG $2.22 B

(July 1, 2025)

 Canada Canadian Basic Materials Canadian Silver
38 Crombie Real Estate Investment Trust CRR.UN $2.09 B Canada Canadian Real Estate Canadian REIT—Diversified
39 International Petroleum Corporation IPCO $2.08 B Canada Canadian Energy Canadian Oil & Gas E&P
40 First Majestic Silver Corp. FR $2.08 B

(July 1, 2024)

 Canada Canadian Basic Materials Canadian Silver
41 Innergex Renewable Energy Inc. INE $2.03 B

(July 1, 2025)

 Canada Canadian Utilities Canadian Utilities—Renewable
42 Taseko Mines Limited TKO $2.02 B Canada Canadian Basic Materials Canadian Other Industrial Metals & Mining
43 Aya Gold & Silver Inc. AYA $2.01 B Canada Canadian Basic Materials Canadian Other Precious Metals & Mining
44 Winpak Ltd. WPK $2.01 B Canada Canadian Consumer Discretionary Canadian Packaging & Containers
45 Enerflex Ltd. EFX $1.95 B Canada Canadian Energy Canadian Oil & Gas Equipment & Services
46 CES Energy Solutions Corp. CEU $1.91 B Canada Canadian Energy Canadian Oil & Gas Equipment & Services
47 Aura Minerals Inc. ORA $1.91 B

(July 1, 2025)

 United States US Basic Materials US Gold
48 Silvercorp Metals Inc. SVM $1.84 B Canada Canadian Basic Materials Canadian Silver
49 First National Financial Corporation FN $1.84 B

(July 1, 2025)

 Canada Canadian Financials Canadian Mortgage Finance
50 Freehold Royalties Ltd. FRU $1.83 B Canada Canadian Energy Canadian Oil & Gas E&P
51 Badger Infrastructure Solutions Ltd BDGI $1.80 B Canada Canadian Industrials Canadian Engineering & Construction
52 Altus Group Limited AIF $1.78 B Canada Canadian Real Estate Canadian Real Estate Services
53 Russel Metals Inc. RUS $1.77 B Canada Canadian Industrials Canadian Industrial Distribution
54 North West Company Inc. NWC $1.71 B Canada Canadian Consumer Staples Canadian Grocery Stores
55 Headwater Exploration Inc. HWX $1.66 B Canada Canadian Energy Canadian Oil & Gas E&P
56 Richelieu Hardware Ltd. RCH $1.61 B Canada Canadian Consumer Discretionary Canadian Furnishings, Fixtures & Appliances
57 dentalcorp Holdings Ltd DNTL $1.59 B Canada Canadian Healthcare Canadian Medical Care Facilities
58 Primaris Real Estate Investment Trust PMZ.UN $1.57 B Canada Canadian Real Estate Canadian REIT—Retail
59 goeasy Ltd. GSY $1.54 B Canada Canadian Financials Canadian Credit Services
60 Andlauer Healthcare Group Inc. AND $1.51 B

(July 1, 2025)

 Canada Canadian Healthcare Canadian Medical Distribution

Top S&P/TSX SmallCap Companies Ranking by Market Cap as of Jan. 1, 2026

31. NuVista Energy Ltd.

Company Profile: NuVista Energy Ltd.
Market Cap (USD): $2.64 B
Stock: NVA wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas E&P

32. Sprott Inc.

Company Profile: Sprott Inc.
Market Cap (USD): $2.62 B
Stock: SII wb_incandescent
Country: Canada
Sector: Canadian Financials
Industry: Canadian Asset Management

33. MDA Ltd

Company Profile: MDA Ltd
Market Cap (USD): $2.54 B
Stock: MDA wb_incandescent
Country: Canada
Sector: Canadian Industrials
Industry: Canadian Aerospace & Defense

34. Athabasca Oil Corporation

Company Profile: Athabasca Oil Corporation
Market Cap (USD): $2.53 B
Stock: ATH wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas E&P

35. Wesdome Gold Mines Ltd.

Company Profile: Wesdome Gold Mines Ltd.
Market Cap (USD): $2.39 B
Stock: WDO wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Gold

36. BlackBerry Limited

Company Profile: BlackBerry Limited
Market Cap (USD): $2.25 B
Stock: BB wb_incandescent
Country: Canada
Sector: Canadian Technology
Industry: Canadian Software—Infrastructure

37. MAG Silver Corp.

Company Profile: MAG Silver Corp.
Market Cap (USD): $2.22 B (July 1, 2025)
Stock: MAG wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Silver

38. Crombie Real Estate Investment Trust

Company Profile: Crombie Real Estate Investment Trust
Market Cap (USD): $2.09 B
Stock: CRR.UN wb_incandescent
Country: Canada
Sector: Canadian Real Estate
Industry: Canadian REIT—Diversified

39. International Petroleum Corporation

Company Profile: International Petroleum Corporation
Market Cap (USD): $2.08 B
Stock: IPCO wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas E&P

40. 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

41. Innergex Renewable Energy Inc.

Company Profile: Innergex Renewable Energy Inc.
Market Cap (USD): $2.03 B (July 1, 2025)
Stock: INE wb_incandescent
Country: Canada
Sector: Canadian Utilities
Industry: Canadian Utilities—Renewable

42. Taseko Mines Limited

Company Profile: Taseko Mines Limited
Market Cap (USD): $2.02 B
Stock: TKO wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Other Industrial Metals & Mining

43. Aya Gold & Silver Inc.

Company Profile: Aya Gold & Silver Inc.
Market Cap (USD): $2.01 B
Stock: AYA wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Other Precious Metals & Mining

44. Winpak Ltd.

Company Profile: Winpak Ltd.
Market Cap (USD): $2.01 B
Stock: WPK wb_incandescent
Country: Canada
Sector: Canadian Consumer Discretionary
Industry: Canadian Packaging & Containers

45. Enerflex Ltd.

Company Profile: Enerflex Ltd.
Market Cap (USD): $1.95 B
Stock: EFX wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas Equipment & Services

46. CES Energy Solutions Corp.

Company Profile: CES Energy Solutions Corp.
Market Cap (USD): $1.91 B
Stock: CEU wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas Equipment & Services

47. Aura Minerals Inc.

Company Profile: Aura Minerals Inc.
Market Cap (USD): $1.91 B (July 1, 2025)
Stock: ORA wb_incandescent
Country: United States
Sector: US Basic Materials
Industry: US Gold

48. Silvercorp Metals Inc.

Company Profile: Silvercorp Metals Inc.
Market Cap (USD): $1.84 B
Stock: SVM wb_incandescent
Country: Canada
Sector: Canadian Basic Materials
Industry: Canadian Silver

49. First National Financial Corporation

Company Profile: First National Financial Corporation
Market Cap (USD): $1.84 B (July 1, 2025)
Stock: FN wb_incandescent
Country: Canada
Sector: Canadian Financials
Industry: Canadian Mortgage Finance

50. Freehold Royalties Ltd.

Company Profile: Freehold Royalties Ltd.
Market Cap (USD): $1.83 B
Stock: FRU wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas E&P

51. Badger Infrastructure Solutions Ltd

Company Profile: Badger Infrastructure Solutions Ltd
Market Cap (USD): $1.80 B
Stock: BDGI wb_incandescent
Country: Canada
Sector: Canadian Industrials
Industry: Canadian Engineering & Construction

52. Altus Group Limited

Company Profile: Altus Group Limited
Market Cap (USD): $1.78 B
Stock: AIF wb_incandescent
Country: Canada
Sector: Canadian Real Estate
Industry: Canadian Real Estate Services

53. Russel Metals Inc.

Company Profile: Russel Metals Inc.
Market Cap (USD): $1.77 B
Stock: RUS wb_incandescent
Country: Canada
Sector: Canadian Industrials
Industry: Canadian Industrial Distribution

54. North West Company Inc.

Company Profile: North West Company Inc.
Market Cap (USD): $1.71 B
Stock: NWC wb_incandescent
Country: Canada
Sector: Canadian Consumer Staples
Industry: Canadian Grocery Stores

55. Headwater Exploration Inc.

Company Profile: Headwater Exploration Inc.
Market Cap (USD): $1.66 B
Stock: HWX wb_incandescent
Country: Canada
Sector: Canadian Energy
Industry: Canadian Oil & Gas E&P

56. Richelieu Hardware Ltd.

Company Profile: Richelieu Hardware Ltd.
Market Cap (USD): $1.61 B
Stock: RCH wb_incandescent
Country: Canada
Sector: Canadian Consumer Discretionary
Industry: Canadian Furnishings, Fixtures & Appliances

57. dentalcorp Holdings Ltd

Company Profile: dentalcorp Holdings Ltd
Market Cap (USD): $1.59 B
Stock: DNTL wb_incandescent
Country: Canada
Sector: Canadian Healthcare
Industry: Canadian Medical Care Facilities

58. Primaris Real Estate Investment Trust

Company Profile: Primaris Real Estate Investment Trust
Market Cap (USD): $1.57 B
Stock: PMZ.UN wb_incandescent
Country: Canada
Sector: Canadian Real Estate
Industry: Canadian REIT—Retail

59. goeasy Ltd.

Company Profile: goeasy Ltd.
Market Cap (USD): $1.54 B
Stock: GSY wb_incandescent
Country: Canada
Sector: Canadian Financials
Industry: Canadian Credit Services

60. Andlauer Healthcare Group Inc.

Company Profile: Andlauer Healthcare Group Inc.
Market Cap (USD): $1.51 B (July 1, 2025)
Stock: AND wb_incandescent
Country: Canada
Sector: Canadian Healthcare
Industry: Canadian Medical Distribution

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