Toronto stocks reversed course Monday with mining shares boosted by bargain-hunting after last week’s steep declines. At midday, the S&P/TSX composite index was up 11.68 points, or 0.13%, at 9,288.80.

Volume was 32 million shares.

The gains were concentrated in four of the 10 TSX groups, led by a 0.61% rise in the mining-heavy materials group .

The gold sub-index was up 1.07%.

Barrick Gold was up 30¢, or 1.07%, to $28.30, while Kinross Gold advanced 16¢, or 2.42%, to $6.77.

Energy stocks see-sawed, shadowing crude prices, which dropped to eight-week lows below US$50 a barrel before bouncing back above US$50. The group was up 0.54%.

Among individual stocks, Shaw Communications fell 40¢, or 1.65%, to $23.90 after the firm released its quarterly earnings and announced a dividend increase.

The junior S&P/TSX Venture composite index was down 28.59 points, or 1.65%, at 1,700.05.

On Wall Street, the major averages were all lower at midday.

The Dow Jones industrial average was off 50.62 points, or 0.50%, at 10,036.89.

The losses were less dramatic on the Nasdaq composite index, the tech-heavy index was essentially flat, down 0.23 of a point at 1,907.92.

The broader S&P 500 was also flat, down 1.25 points at 1,141.37.