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TSX Growth Companies With High Insider Ownership To Watch

Over the past year, the Canadian market has shown robust growth, with an overall increase of 10%, and earnings are projected to rise by 15% annually. In this thriving environment, growth companies with high insider ownership stand out as particularly compelling watches due to their potential alignment of management and shareholder interests.

Top 10 Growth Companies With High Insider Ownership In Canada

Name

Insider Ownership

Earnings Growth

Vox Royalty (TSX:VOXR)

12.4%

58.7%

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%

67.6%

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%

Click here to see the full list of 28 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

Below we spotlight a couple of our favorites from our exclusive screener.

Colliers International Group

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Colliers International Group Inc. operates globally, offering commercial real estate professional and investment management services, with a market capitalization of approximately CA$7.75 billion.

Operations: The company generates revenue through its operations in the Americas (CA$2.53 billion), Asia Pacific (CA$616.58 million), Investment Management (CA$489.23 million), and Europe, Middle East & Africa (EMEA) (CA$730.10 million).

Insider Ownership: 14.2%

Earnings Growth Forecast: 38.3% p.a.

Colliers International Group is poised for substantial growth, with earnings expected to increase by 38.34% annually, outpacing the Canadian market's 15% projection. However, its debt isn't well-covered by operating cash flow, and recent insider activities show more selling than buying. Strategically, Colliers is expanding in Europe through a partnership with SPGI Zurich AG to strengthen its EMEA platform. This move complements their active role in significant projects like marketing the Diamondhead Property in Mississippi.

TSX:CIGI Ownership Breakdown as at Jul 2024
TSX:CIGI Ownership Breakdown as at Jul 2024

Ivanhoe Mines

Simply Wall St Growth Rating: ★★★★★☆

Overview: Ivanhoe Mines Ltd. focuses on the mining, development, and exploration of minerals and precious metals primarily in Africa, with a market capitalization of CA$24.65 billion.

Operations: The company primarily generates revenue from the mining, development, and exploration of minerals and precious metals in Africa.

Insider Ownership: 12.5%

Earnings Growth Forecast: 67.6% p.a.

Ivanhoe Mines Ltd. has demonstrated robust growth potential, with recent achievements including the early and on-budget completion of its Phase 3 concentrator at the Kamoa-Kakula Copper Complex. This expansion is set to significantly increase copper production capacity, reinforcing Ivanhoe's strategic position in the industry. Despite a challenging first quarter resulting in a net loss, insider transactions over the past three months suggest confidence among key stakeholders. The company's revenue and earnings are projected to grow substantially above market averages, indicating strong future prospects.

TSX:IVN Ownership Breakdown as at Jul 2024
TSX:IVN Ownership Breakdown as at Jul 2024

Artemis Gold

Simply Wall St Growth Rating: ★★★★★☆

Overview: Artemis Gold Inc. is a gold development company engaged in identifying, acquiring, and developing gold properties, with a market capitalization of approximately CA$2.24 billion.

Operations: The company primarily generates revenue through the development of gold properties.

Insider Ownership: 31.7%

Earnings Growth Forecast: 48.8% p.a.

Artemis Gold, despite its small revenue scale with less than US$1m, is on a trajectory to profitability within three years, outpacing average market growth expectations. The company's insider activities reflect a balance of more buying than selling, indicating cautious optimism among those closest to the company. However, shareholder dilution over the past year and limited cash runway highlight financial vulnerabilities. Recent developments at their Blackwater Mine project show significant progress toward operational goals, aligning with their strategic growth plans in the mining sector.

TSXV:ARTG Earnings and Revenue Growth as at Jul 2024
TSXV:ARTG Earnings and Revenue Growth as at Jul 2024

Summing It All Up

Curious About Other Options?

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:CIGI TSX:IVN and TSXV:ARTG.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com