Top TSX Growth Companies With High Insider Ownership In July 2024
Over the past year, the Canadian market has seen an impressive uptick, rising by 11%, with earnings projected to grow by 15% annually. In this thriving environment, stocks with high insider ownership often signal strong confidence in the company's future prospects, making them particularly compelling for investors looking for growth opportunities.
Top 10 Growth Companies With High Insider Ownership In Canada
Name | Insider Ownership | Earnings Growth |
Vox Royalty (TSX:VOXR) | 12.4% | 55.0% |
goeasy (TSX:GSY) | 21.5% | 15.5% |
Payfare (TSX:PAY) | 15% | 38.6% |
Allied Gold (TSX:AAUC) | 22.5% | 71.7% |
Ivanhoe Mines (TSX:IVN) | 12.5% | 67.2% |
Aya Gold & Silver (TSX:AYA) | 10.3% | 51.6% |
Magna Mining (TSXV:NICU) | 10.6% | 95.1% |
Artemis Gold (TSXV:ARTG) | 31.7% | 48.8% |
Silver X Mining (TSXV:AGX) | 14.2% | 144.2% |
Almonty Industries (TSX:AII) | 12.3% | 105% |
Let's review some notable picks from our screened stocks.
Colliers International Group
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Colliers International Group Inc. operates as a global provider of commercial real estate professional and investment management services, with a market capitalization of approximately CA$7.79 billion.
Operations: Colliers International Group's revenue is primarily generated from the Americas at CA$2.53 billion, followed by Europe, the Middle East & Africa at CA$730.10 million, Asia Pacific at CA$616.58 million, and Investment Management services contributing CA$489.23 million.
Insider Ownership: 14.2%
Colliers International Group is poised for substantial growth, with earnings expected to increase by 38.34% annually, outpacing the Canadian market's forecast of 15% yearly growth. Despite this robust outlook, the company's debt is not well covered by operating cash flow, which could pose financial challenges. Insider activity has been mixed; there have been significant insider sales over the past three months despite no substantial purchases in that period. Additionally, shareholders experienced dilution last year. Recently, Colliers announced a strategic partnership with SPGI Zurich AG to strengthen its European operations and retained by Diamondhead Casino Corporation for property marketing in Mississippi, highlighting its active expansion and diversified service offerings in international markets.
Ivanhoe Mines
Simply Wall St Growth Rating: ★★★★★☆
Overview: Ivanhoe Mines Ltd. specializes in the mining, development, and exploration of minerals and precious metals primarily in Africa, with a market capitalization of approximately CA$25.25 billion.
Operations: The company's operations focus on the extraction and processing of minerals and precious metals in Africa.
Insider Ownership: 12.5%
Ivanhoe Mines, a growth-oriented company with high insider ownership, is expected to see its earnings grow by 67.2% annually, significantly outpacing the Canadian market forecast of 15% yearly growth. Despite this promising outlook and trading 5.2% below its fair value estimate, concerns arise as shareholders have experienced dilution over the past year. Recent achievements include the ahead-of-schedule completion of the Phase 3 concentrator at Kamoa-Kakula, boosting production capabilities substantially and positioning it as a major player in global copper mining.
Artemis Gold
Simply Wall St Growth Rating: ★★★★★☆
Overview: Artemis Gold Inc., a Canadian gold development company, focuses on identifying, acquiring, and developing gold properties with a market capitalization of approximately CA$2.25 billion.
Operations: The company primarily generates its revenue from the development of gold properties.
Insider Ownership: 31.7%
Artemis Gold, with high insider ownership, is poised for substantial growth, forecasting a 51.6% annual revenue increase and becoming profitable within three years. Despite recent losses of CA$6.65 million in Q1 2024 and shareholder dilution last year, insider buying trends are positive. Significant progress at the Blackwater Mine includes being 73% complete and on track for its first gold pour in late 2024, underscoring strong operational advancements amidst challenging financials.
Where To Now?
Discover the full array of 28 Fast Growing TSX Companies With High Insider Ownership right here.
Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes.
Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe.
Contemplating Other Strategies?
Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence.
Find companies with promising cash flow potential yet trading below their fair value.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.The analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years.
Companies discussed in this article include TSX:CIGITSX:IVNTSXV:ARTG and .
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com