Investing in the equity markets is a great strategy for generating inflation-beating returns and building long-term wealth. While Canadian investors should allocate most of their funds to diversified low-cost index funds, doubling down on quality growth stocks trading at reasonable valuations makes sense for those with a higher risk appetite.
In this article, I have identified one top TSX stock you should buy now and hold over the next few years to benefit from outsized gains. So, let’s see where I’d invest $6,000 in the TSX today.
Is this small-cap TSX stock a good buy?
Valued at a market cap of $2 billion, Allied Gold (TSX:AAUC) is positioning itself as an emerging precious metals powerhouse. It currently produces 375,000 to 400,000 ounces of gold annually from three African mines.
The Toronto-based miner operates the Sadiola mine in Mali alongside the Bonikro and Agbaou mines in Côte d’Ivoire. Planned expansions are…
