TSX Growth Leaders With High Insider Ownership July 2024
As central banks in both the U.S. and Canada adjust their interest rate policies in response to evolving economic indicators, investors are closely monitoring the impact on various market sectors. In this environment, growth companies with high insider ownership on the TSX stand out as potentially resilient investments, given that high insider stakes often align management’s interests with those of shareholders, fostering a focus on long-term value creation amidst market shifts.
Top 10 Growth Companies With High Insider Ownership In Canada
Name | Insider Ownership | Earnings Growth |
Vox Royalty (TSX:VOXR) | 12.6% | 55.0% |
goeasy (TSX:GSY) | 21.5% | 15.5% |
Payfare (TSX:PAY) | 14.9% | 38.6% |
Allied Gold (TSX:AAUC) | 22.5% | 68.4% |
Ivanhoe Mines (TSX:IVN) | 12.5% | 67.2% |
Artemis Gold (TSXV:ARTG) | 31.7% | 45.6% |
Aya Gold & Silver (TSX:AYA) | 10.3% | 51.6% |
Magna Mining (TSXV:NICU) | 10.6% | 95.1% |
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 globally, offering commercial real estate professional and investment management services, with a market capitalization of approximately CA$7.98 billion.
Operations: Colliers International generates revenue through its operations in the Americas (CA$2.53 billion), Asia Pacific (CA$616.58 million), Europe, the Middle East & Africa (CA$730.10 million), and Investment Management services (CA$489.23 million).
Insider Ownership: 14.2%
Earnings Growth Forecast: 38.3% p.a.
Colliers International Group is enhancing its European operations through a strategic alliance with SPGI Zurich AG, expanding its EMEA platform. This move, coupled with assisting Diamondhead Casino Corporation in marketing and financing in Mississippi, underscores Colliers' proactive growth strategies despite recent insider selling. Financially, Colliers reported a substantial year-over-year earnings increase and anticipates revenue growth outpacing the Canadian market average. However, shareholder dilution over the past year and debt concerns temper these positives.
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 approximately CA$25.83 billion.
Operations: The company primarily focuses on the mining, development, and exploration of minerals and precious metals in Africa.
Insider Ownership: 12.5%
Earnings Growth Forecast: 67.2% p.a.
Ivanhoe Mines, a Canadian growth company with high insider ownership, has recently completed the Phase 3 concentrator at its Kamoa-Kakula Copper Complex ahead of schedule and on budget. This development is set to significantly boost production capacity and copper output, reinforcing its position as a major player in the global copper industry. Despite this progress, the company has experienced significant insider selling over the past three months and forecasts suggest a low return on equity in three years. However, Ivanhoe's revenue and earnings growth are expected to outpace the market substantially, driven by these operational advancements.
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$2.42 billion.
Operations: The company primarily focuses on gold property development.
Insider Ownership: 31.7%
Earnings Growth Forecast: 45.6% p.a.
Artemis Gold, amidst its rapid revenue growth projections of 50.6% annually, is on track with the Blackwater Mine's development, expecting a first gold pour in late 2024. With construction 73% complete and spending at CA$523 million of the planned CA$730-750 million, operational progress aligns well with financial forecasts. Despite a recent increase in net loss to CA$6.65 million and shareholder dilution over the past year, insider transactions have been balanced with more buying than selling but not in substantial volumes. This suggests cautious optimism among those closest to the company.
Summing It All Up
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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:CIGI TSX:IVN and TSXV:ARTG.
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