3 TSX Stocks That Could Turn $30,000 Into $300,000

From tech innovators to gold producers, these top TSX stocks could deliver massive gains ahead.

| More on:
dividends grow over time

Source: Getty Images

If you want to multiply your hard-earned savings, you need to think bigger than just collecting small dividends or holding onto low-growth companies. In this article, I’ll highlight three TSX-listed companies that could make a huge difference for investors with patience and vision.

Kinaxis stock

The first stock on the list is Kinaxis (TSX:KXS), a supply chain innovator with serious artificial intelligence (AI)-driven growth. It’s an Ottawa-based enterprise software firm that powers global supply chains through its AI-driven Maestro platform. KXS stock currently trades at $197.97 per share, giving it a market cap of $5.6 billion.

The stock has gained about 29% in the past year due mainly to its ability to combine strong financial results with rising demand for AI-enhanced supply chain tools.

In the second quarter of 2025, Kinaxis delivered US$136.4 million in revenue, a 15% YoY (year-over-year) increase. Its adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) margin climbed to a record 25%, while adjusted net profit surged 72% YoY to US$28.8 million. These gains were driven by 17% growth in SaaS (Software as a Service) revenue and new customer wins across industries.

Overall, Kinaxis is an early mover in generative and agentic AI adoption, which could make its supply chain solutions even more valuable for global enterprises. This mix of strong fundamentals and innovation makes Kinaxis one of the top TSX stocks to buy for investors seeking multi-bagger potential.

Celestica stock

Moving from software to hardware, Celestica (TSX:CLS) has become a force in global tech manufacturing. This Toronto-headquartered firm provides advanced design, manufacturing, and supply chain solutions. CLS stock trades at $270.25 per share with a market cap of $31.1 billion.

The stock has seen a staggering gain of over 2,300% in the past five years, as it became a key supplier to hyperscalers, AI hardware, and data centre companies. In the latest quarter, Celestica’s revenue rose 21% YoY to US$2.9 billion, and its adjusted earnings jumped 54% to US$1.39 per share. Both figures beat the high end of its guidance range. Its adjusted operating margin hit 7.4% due to strong demand in its Connectivity & Cloud Solutions segment, a record level for the company.

Recently, Celestica raised its 2025 revenue outlook to US$11.6 billion and adjusted earnings to US$5.50 per share, citing continued demand from hyperscale and data centre clients. This outlook clearly reflects the company’s sustained growth momentum, making it one of the top TSX stocks to buy for long-term investors.

IAMGOLD stock

To balance things out, let’s look at IAMGOLD (TSX:IMG), a top gold stock that could bring diversification and strong growth to your portfolio mix. It is an intermediate gold producer with operations in Canada and West Africa. After jumping by 67% over the last year, IMG stock currently trades at $11.24 per share with a market cap of $6.5 billion.

In the second quarter, IAMGOLD reported a 51% YoY surge in its total revenue to US$580.9 million. Similarly, the company’s adjusted EBITDA climbed 45% YoY to US$276.4 million, showing robust cash generation from its mines.

Much of the excitement around IAMGOLD comes from its Côté Gold project in Ontario, one of the largest gold mines under development in Canada. Once fully operational, it’s expected to significantly increase the company’s production profile and cash flow, which could help this top TSX stock rally further.

Fool contributor Jitendra Parashar has positions in Celestica and Kinaxis. The Motley Fool recommends Kinaxis. The Motley Fool has a disclosure policy.

More on Stocks for Beginners

Dividend Stocks

Got $7,000? Where to Invest Your TFSA Contribution in 2026

Putting $7,000 to work in your 2026 TFSA? Consider BMO, Granite REIT, and VXC for steady income, diversification, and long-term…

Read more »

some REITs give investors exposure to commercial real estate
Dividend Stocks

The Ideal Canadian Stock for Dividends and Growth

Want dividends plus steady growth? Power Corporation offers a “quiet compounder” mix of cash flow today and patient compounding from…

Read more »

AI concept person in profile
Tech Stocks

TFSA Wealth Plan: Create $1 Million With a Single Canadian Stock

Topicus could help build a $1 million TFSA thanks to sticky software, recurring revenue, and a disciplined acquisition engine if…

Read more »

Young Boy with Jet Pack Dreams of Flying
Stocks for Beginners

The Smartest Growth Stock to Buy With $1,000 Right Now

This under-pressure growth stock is backed by surging demand, a massive backlog, and a clear runway for expansion in the…

Read more »

Canadian flag
Dividend Stocks

Buy Canadian: These TSX Stocks Could Outperform in 2026

Looking to 2026, three Canadian names pair reasonable valuations with resilient cash flow and structural tailwinds.

Read more »

woman checks off all the boxes
Stocks for Beginners

4 Cheap Canadian Stocks to Buy Right Now With $4,000

Are you looking for some investment ideas for 2026? Here are four Canadian growth stocks I'd buy for the new…

Read more »

shipping logistics package delivery
Dividend Stocks

TFSA Investors: 3 Canadian Stocks to Hold for Life

Want TFSA stocks you can hold for life? These three Canadian names aim for durability, compounding, and peace of mind.

Read more »

Senior uses a laptop computer
Stocks for Beginners

If I Could Only Buy 3 Stocks in the Last Month of 2025, I’d Pick These

As markets wrap up 2025, these three top Canadian stocks show the earnings power and momentum worth holding into next…

Read more »