Yahoo Finance TSX Growth Companies With High Insider Ownership To Watch
The Canadian market has shown robust growth, with a 1.1% increase over the past week and an impressive 9.9% rise over the last year, alongside expectations of a 15% annual earnings growth. In this thriving environment, stocks with high insider ownership can be particularly compelling as they often signal strong confidence from those closest to the company's operations.
Top 10 Growth Companies With High Insider Ownership In Canada
Name | Insider Ownership | Earnings Growth |
Vox Royalty (TSX:VOXR) | 12.3% | 58.7% |
Payfare (TSX:PAY) | 15% | 46.7% |
goeasy (TSX:GSY) | 21.5% | 15.8% |
Propel Holdings (TSX:PRL) | 40% | 36.4% |
Aritzia (TSX:ATZ) | 19.1% | 51.2% |
Aya Gold & Silver (TSX:AYA) | 10.2% | 51.6% |
Ivanhoe Mines (TSX:IVN) | 13.1% | 65.9% |
Silver X Mining (TSXV:AGX) | 14.2% | 144.2% |
Magna Mining (TSXV:NICU) | 10.6% | 95.1% |
Artemis Gold (TSXV:ARTG) | 31.8% | 48.8% |
Let's take a closer look at a couple of our picks from the screened companies.
goeasy
Simply Wall St Growth Rating: ★★★★★☆
Overview: goeasy Ltd., operating in Canada under the easyhome, easyfinancial, and LendCare brands, offers non-prime leasing and lending services with a market capitalization of CA$3.22 billion.
Operations: The company generates revenue through its easyhome and easyfinancial segments, with CA$153.99 million from leasing services and CA$1.17 billion from lending services.
Insider Ownership: 21.5%
Revenue Growth Forecast: 32.4% p.a.
goeasy, a prominent player in the financial services sector in Canada, demonstrates robust growth with a significant increase in revenue and net income as reported for Q1 2024. Despite challenges like dividends not being well-covered by cash flows and substantial insider selling over the past three months, the company's forecasted revenue growth outpaces the Canadian market significantly. The recent executive appointment aims to strengthen its consumer credit divisions, potentially enhancing operational efficiency and market position.
Ivanhoe Mines
Simply Wall St Growth Rating: ★★★★★☆
Overview: Ivanhoe Mines Ltd. is a company focused on the mining, development, and exploration of minerals and precious metals primarily in Africa, with a market capitalization of CA$22.33 billion.
Operations: The firm primarily generates revenue through the mining, development, and exploration of minerals and precious metals in Africa.
Insider Ownership: 13.1%
Revenue Growth Forecast: 83% p.a.
Ivanhoe Mines, a growth-oriented company with substantial insider transactions, has shown mixed signals in its ownership dynamics and financial forecasts. While there is no significant insider buying recently, the selling has been outweighed by purchases over the past three months. The company's revenue and earnings growth are projected to outperform the Canadian market significantly. However, shareholder dilution has occurred within the last year, and return on equity is expected to remain low at 18.8%.
Propel Holdings
Simply Wall St Growth Rating: ★★★★★☆
Overview: Propel Holdings Inc., a financial technology company, has a market capitalization of approximately CA$760.99 million.
Operations: The company generates revenue primarily by offering lending-related services to borrowers, banks, and other institutions, totaling CA$347.37 million.
Insider Ownership: 40%
Revenue Growth Forecast: 22.7% p.a.
Propel Holdings has demonstrated robust growth, with earnings rising by 79.4% over the past year and forecasts suggesting a 36.44% annual increase moving forward. Despite this strong performance, the company's dividend sustainability is questionable as it is not well covered by cash flows. Recent activities include a dividend increase and significant corporate actions like an Omnibus Long-Term Incentive Plan approval at their upcoming shareholders meeting. However, there has been notable insider selling, contrasting with no substantial insider buying in recent months.
Dive into the specifics of Propel Holdings here with our thorough growth forecast report.
Upon reviewing our latest valuation report, Propel Holdings' share price might be too optimistic.
Taking Advantage
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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:GSY TSX:IVN and .TSX:PRL
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