Yahoo Finance Exploring Three TSX Growth Companies With Significant Insider Ownership
The Canadian market has shown promising growth, with a 1.1% increase over the past week and an impressive 11% rise over the last year, alongside expectations of a 14% annual growth in earnings. In this buoyant 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 |
goeasy (TSX:GSY) | 21.7% | 15.9% |
Payfare (TSX:PAY) | 15% | 57.7% |
Vox Royalty (TSX:VOXR) | 12.4% | 77.3% |
Aritzia (TSX:ATZ) | 19.1% | 51.6% |
Allied Gold (TSX:AAUC) | 22.4% | 68.1% |
ROK Resources (TSXV:ROK) | 16.6% | 135.9% |
Aya Gold & Silver (TSX:AYA) | 10.2% | 51.6% |
Artemis Gold (TSXV:ARTG) | 31.8% | 45.6% |
Ivanhoe Mines (TSX:IVN) | 13.1% | 38% |
UGE International (TSXV:UGE) | 35.4% | 63.5% |
Let's take a closer look at a couple of our picks from the screened companies.
Aya Gold & Silver
Simply Wall St Growth Rating: ★★★★★☆
Overview: Aya Gold & Silver Inc. operates in Morocco, focusing on the exploration, evaluation, and development of precious metals projects with a market capitalization of approximately CA$2.01 billion.
Operations: The company focuses on precious metals projects in Morocco, generating revenue primarily from exploration and development activities.
Insider Ownership: 10.2%
Earnings Growth Forecast: 51.6% p.a.
Aya Gold & Silver Inc., a Canadian company with significant insider ownership, faces challenges and opportunities. Recently, Q1 2024 results showed a decline in sales to US$5.08 million from US$10.44 million year-over-year and a shift from net income to a net loss of US$2.54 million. However, the company is expanding its exploration capabilities, as evidenced by securing additional permits and extending mineralized zones at its Boumadine project in Morocco. These developments suggest potential for future growth despite current financial setbacks.
Unlock comprehensive insights into our analysis of Aya Gold & Silver stock in this growth report.
Upon reviewing our latest valuation report, Aya Gold & Silver's share price might be too optimistic.
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$7.92 billion.
Operations: The company generates revenue through its operations in the Americas (CA$2.53 billion), Asia Pacific (CA$616.58 million), Europe, Middle East & Africa (CA$730.10 million), and Investment Management services (CA$489.23 million).
Insider Ownership: 14.2%
Earnings Growth Forecast: 36% p.a.
Colliers International Group, a Canadian growth company with high insider ownership, recently reported a significant turnaround in its Q1 2024 earnings, with sales increasing to US$1.002 billion and net income reaching US$12.66 million from a prior loss. Despite substantial insider selling over the past three months, the firm is trading at 59.4% below its estimated fair value and has forecasted revenue growth of 7.2% per year, outpacing the Canadian market average. The company also anticipates robust annual earnings growth of 36% per year for the next three years and has actively pursued acquisitions to fuel further expansion.
Ivanhoe Mines
Simply Wall St Growth Rating: ★★★★★☆
Overview: Ivanhoe Mines Ltd. is a mining company focused on the exploration, development, and extraction of minerals and precious metals primarily in Africa, with a market capitalization of approximately CA$26.77 billion.
Operations: The company primarily generates its income from the exploration, development, and extraction of minerals and precious metals in Africa.
Insider Ownership: 13.1%
Earnings Growth Forecast: 38% p.a.
Ivanhoe Mines, a Canadian growth company with high insider ownership, recently shifted focus towards strategic acquisitions and expansions in copper production. Despite a challenging Q1 2024 with a net loss of US$65.55 million, the firm maintains its copper production guidance for the year and anticipates substantial revenue growth at 48.1% per year. However, recent significant insider selling and shareholder dilution over the past year raise concerns about its near-term prospects.
Next Steps
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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:AYA TSX:CIGI and TSX:IVN.
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