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Buffett on the TSX 60

This ranking weighs ROE ×4, Gross margin ×3, and nothing else, across the 56 companies we track on the TSX 60. 25 of them clear Buffett’s hard limits right now, and 6 cannot be judged because a required figure is missing.

Ranked highest by Buffett on this market right now, which is not the same list as the one that clears the limits above:

  1. Kinross Gold (K.TO) · Basic Materials · ROE 37% · Gross margin 69%
  2. Wheaton Precious Metals (WPM.TO) · Basic Materials · ROE 24% · Gross margin 86%
  3. Barrick Gold (ABX.TO) · Basic Materials · ROE 27% · Gross margin 56%
  4. Agnico Eagle Mines (AEM.TO) · Basic Materials · ROE 23% · Gross margin 75%
  5. Franco-Nevada (FNV.TO) · Basic Materials · ROE 20% · Gross margin 92%

From data as of 2026-09-11 01:00:55 UTC. Rebuilt every hour; the table above is live.

All 56 companies on the TSX 60, ranked by Buffett, as text
  1. Kinross Gold (K.TO) · ROE 37% · Gross margin 69%
  2. Wheaton Precious Metals (WPM.TO) · ROE 24% · Gross margin 86%
  3. Barrick Gold (ABX.TO) · ROE 27% · Gross margin 56%
  4. Agnico Eagle Mines (AEM.TO) · ROE 23% · Gross margin 75%
  5. Franco-Nevada (FNV.TO) · ROE 20% · Gross margin 92%
  6. Lundin Mining (LUN.TO) · ROE 24% · Gross margin 55%
  7. Dollarama (DOL.TO) · ROE 99% · Gross margin 45%
  8. Canadian Natural Resources (CNQ.TO) · ROE 27% · Gross margin 52%
  9. Canadian National Railway (CNR.TO) · ROE 22% · Gross margin 56%
  10. Rogers Communications (RCI-B.TO) · ROE 31% · Gross margin 44%
  11. BCE (BCE.TO) · ROE 30% · Gross margin 45%
  12. Suncor Energy (SU.TO) · ROE 19% · Gross margin 60%
  13. OpenText (OTEX.TO) · ROE 16% · Gross margin 77%
  14. Restaurant Brands (QSR.TO) · ROE 35% · Gross margin 34%
  15. ARC Resources (ARX.TO) · ROE 16% · Gross margin 55%
  16. Constellation Software (CSU.TO) · ROE 23% · Gross margin 37%
  17. Stantec (STN.TO) · ROE 16% · Gross margin 54%
  18. Loblaw (L.TO) · ROE 24% · Gross margin 31%
  19. TC Energy (TRP.TO) · ROE 12% · Gross margin 70%
  20. Shopify (SHOP.TO) · ROE 16% · Gross margin 48%
  21. Royal Bank of Canada (RY.TO) · ROE 16%
  22. Manulife (MFC.TO) · ROE 13% · Gross margin 51%
  23. Great-West Lifeco (GWO.TO) · ROE 14% · Gross margin 48%
  24. Cenovus Energy (CVE.TO) · ROE 21% · Gross margin 30%
  25. George Weston (WN.TO) · ROE 19% · Gross margin 32%
  26. CIBC (CM.TO) · ROE 16%
  27. National Bank of Canada (NA.TO) · ROE 14%
  28. Thomson Reuters (TRI.TO) · ROE 14% · Gross margin 40%
  29. Alimentation Couche-Tard (ATD.TO) · ROE 20% · Gross margin 18%
  30. Sun Life Financial (SLF.TO) · ROE 13% · Gross margin 41%
  31. Waste Connections (WCN.TO) · ROE 13% · Gross margin 43%
  32. CGI (GIB-A.TO) · ROE 17% · Gross margin 20%
  33. Power Corporation (POW.TO) · ROE 10% · Gross margin 53%
  34. Toronto-Dominion Bank (TD.TO) · ROE 13%
  35. Imperial Oil (IMO.TO) · ROE 17% · Gross margin 18%
  36. Canadian Pacific Kansas City (CP.TO) · ROE 8% · Gross margin 53%
  37. Bank of Nova Scotia (BNS.TO) · ROE 11%
  38. Intact Financial (IFC.TO) · ROE 16% · Gross margin 18%
  39. Bank of Montreal (BMO.TO) · ROE 11%
  40. Hydro One (H.TO) · ROE 11% · Gross margin 36%
  41. Pembina Pipeline (PPL.TO) · ROE 10% · Gross margin 39%
  42. Fortis (FTS.TO) · ROE 7% · Gross margin 45%
  43. Tourmaline Oil (TOU.TO) · ROE 2% · Gross margin 49%
  44. Emera (EMA.TO) · ROE 8% · Gross margin 44%
  45. Canadian Tire (CTC-A.TO) · ROE 11% · Gross margin 32%
  46. Metro (MRU.TO) · ROE 13% · Gross margin 19%
  47. Teck Resources (TECK-B.TO) · ROE 9% · Gross margin 36%
  48. Enbridge (ENB.TO) · ROE 9% · Gross margin 33%
  49. Nutrien (NTR.TO) · ROE 9% · Gross margin 32%
  50. Cameco (CCO.TO) · ROE 5% · Gross margin 35%
  51. Saputo (SAP.TO) · ROE 10% · Gross margin 10%
  52. Telus (T.TO) · ROE -6% · Gross margin 36%
  53. Brookfield (BN.TO) · ROE 2% · Gross margin 32%
  54. CAE (CAE.TO) · ROE 6% · Gross margin 29%
  55. Magna International (MG.TO) · ROE 7% · Gross margin 15%
  56. First Quantum Minerals (FM.TO) · ROE -1% · Gross margin 24%