Yahoo Finance TSX Growth Companies With High Insider Ownership
The Canadian market has shown resilience with a 1.2% increase over the last week and an impressive 11% rise over the past year, coupled with a forecasted annual earnings growth of 15%. In this context, stocks from growth companies with high insider ownership can be particularly appealing, as they often suggest a strong alignment between company management and shareholder interests.
Top 10 Growth Companies With High Insider Ownership In Canada
Name | Insider Ownership | Earnings Growth |
Vox Royalty (TSX:VOXR) | 12.3% | 58.7% |
goeasy (TSX:GSY) | 21.5% | 15.8% |
Payfare (TSX:PAY) | 15% | 46.7% |
Propel Holdings (TSX:PRL) | 40% | 36.4% |
Allied Gold (TSX:AAUC) | 22.5% | 68.2% |
Aritzia (TSX:ATZ) | 19.1% | 51.2% |
Aya Gold & Silver (TSX:AYA) | 10.2% | 51.6% |
Ivanhoe Mines (TSX:IVN) | 13% | 66.3% |
Silver X Mining (TSXV:AGX) | 14.2% | 144.2% |
Artemis Gold (TSXV:ARTG) | 32.1% | 48.8% |
Let's review some notable picks from our screened stocks.
Allied Gold
Simply Wall St Growth Rating: ★★★★★☆
Overview: Allied Gold Corporation, along with its subsidiaries, is engaged in the exploration and production of mineral deposits in Africa, with a market capitalization of approximately CA$747.16 million.
Operations: The company generates revenue from three primary mines: Agbaou Mine at CA$141.39 million, Bonikro Mine at CA$192.71 million, and Sadiola Mine at CA$342.34 million.
Insider Ownership: 22.5%
Allied Gold, with high insider ownership, is poised for significant growth, underscored by a robust increase in gold production and sales as evidenced in recent quarters. The company reaffirmed its production guidance for 2024 and outlined ambitious targets for the following years, aiming to substantially boost output while reducing costs. Despite facing a net loss in Q1 2024, Allied Gold's strategic expansions and exploration successes at projects like Kurmuk indicate potential resource growth. The stock trades well below its estimated fair value, suggesting an attractive entry point relative to industry peers.
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$21.87 billion.
Operations: The company primarily focuses on the extraction and processing of minerals and precious metals in Africa.
Insider Ownership: 13%
Ivanhoe Mines, marked by high insider ownership, shows promising growth with significant forecasted revenue and earnings increases, outpacing the Canadian market. Despite recent shareholder dilution and modest insider buying, operational successes like the early completion of Phase 3 at Kamoa-Kakula enhance its production capacity significantly. The firm's strategic position is further solidified by substantial copper production forecasts and ongoing expansion projects which could bolster long-term value for shareholders.
Artemis Gold
Simply Wall St Growth Rating: ★★★★★☆
Overview: Artemis Gold Inc. is a gold development company engaged in the identification, acquisition, and development of gold properties, with a market capitalization of approximately CA$2.04 billion.
Operations: The company's revenue segments are not specified in the provided text.
Insider Ownership: 32.1%
Artemis Gold, characterized by high insider ownership, is trading significantly below its estimated fair value and is poised for substantial growth with forecasted annual profit and revenue increases outpacing the market average. Despite recent financial losses and shareholder dilution, the company has seen more insider buying than selling. Its Blackwater Mine project remains on budget and schedule, promising operational commencement in late 2024 which could catalyze future profitability.
Unlock comprehensive insights into our analysis of Artemis Gold stock in this growth report.
Our valuation report unveils the possibility Artemis Gold's shares may be trading at a premium.
Key Takeaways
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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:AAUC TSXV:ARTG and
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