The S&P/TSX composite index is riding the coattails of U.S. investors who are now betting the Federal Reserve won’t raise rates when it meets later this week.

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Here are Tuesday's top 3 performers on the TSX, including a precious metals newbie Back to video

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On Oct. 10, the TSX jumped 1.33 per cent to close at 19,501.20, with the majority of the main sectors making gains the day after Canadian markets took a break for Thanksgiving.

The energy sector rose the most gaining 3.19 per cent, while materials leapt 2.18 per cent, utilities jumped 1.8 per cent and financials closed 0.77 per cent higher. For the day, there were 179 gainers versus 46 losers.

Here are the top three performers on the TSX for Oct. 10:

Lithium Americas Argentina Corp.

One-day change: 15.41 per cent
Year-to-date change: 23.05 per cent

Investors in Lithium Americas Argentina, a resource company focused on producing the precious metal critical the electric-vehicle supply chain, continued to push the stock higher Oct. 10 — its third day of trading.

The Vancouver-based company was recently spun off from Lithium Americas Corp. and both stocks began trading independently on the S&P/TSX on Oct. 4. The stocks also trade on the New York stock exchange.

On Oct. 5, Scotiabank began covering Lithium Argentina giving it a price target of $10.

There are currently 15 buys, three holds and no sells on the stock and an average 12-month price target of $38.01, according to Bloomberg.

Lithium Americas Argentina closed Oct. 10 at $10.41.

Vermilion Energy Inc.

One-day change: 7.11 per cent
Year-to-date change: -18.27 per cent

Shares of oil and natural gas producer Vermilion Energy Inc. posted their third consecutive day of gains, closing out Oct. 10 up the most since since September 2022.

ATB Capital maintained its outperform call on the stock Oct. 10. In an earnings preview note, analyst Amir Arif said ATB believes Vermilion is poised to benefit from forecast gains in European gas as countries enter the winter heating season.

Arif also cited in the possibility of a “meaningful increase in share buybacks” and a possible 20 to 25 per cent increase in dividends.

Still, the stock is on pace for its worst year since 2020 when it fell 73.25 per cent.

There are currently seven buys, eight holds and no sells on the stock and an average 12-month price target of $25.43, according to Bloomberg.

Vermilion closed Oct. 10 at $19.59.

Bombardier Inc.

One-day change: 6.16 per cent
Year-to-date change: -6.05 per cent

Bombardier has had a tough stretch in the markets, but analysts see things looking up for the private jet maker.

Shares of the company have pulled back over the last five-and-a-half months, noted Konark Gupta, an analyst with Scotiabank Global Equity Research, due to concerns about the macroeconomic picture and rising inventories of pre-owned jets.

But Gupta said the latter worry appeared to be overdone, and that the recent 30 per cent drop “makes BBD (Bombardier) the most appealing stock in our coverage, in terms of upside potential.” In the Sept. 12 note, Gupta also noted the company “appears on track to achieve or exceed its recently raised 2025 goals.”

Scotiabank has a one-year price target of $84 for the company.

Matthew Geudtner of Bloomberg Intelligence, meanwhile, recently noted that “improving credit quality” could result in a hike to the Montreal-based manufacturer’s credit rating.

There are currently nine buys, four holds and two sells on the stock, which has an average 12-month price target of $79.67, according to Bloomberg.

Bombardier closed Oct. 10 at $49.11.

• Email: gmvsuhanic@postmedia.com

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