Yahoo Finance Three TSX Growth Companies With High Insider Ownership And Minimum 44% Earnings Growth
As the Canadian market navigates through a period of potential volatility and continued growth in sectors influenced by advancements in artificial intelligence, investors might find opportunities beyond the usual tech giants. High insider ownership and robust earnings growth can be indicators of confidence and potential resilience, making such stocks compelling considerations in the current economic landscape.
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% |
Aritzia (TSX:ATZ) | 19.1% | 51.6% |
Allied Gold (TSX:AAUC) | 22.4% | 68.1% |
ROK Resources (TSXV:ROK) | 16.6% | 159.6% |
Aya Gold & Silver (TSX:AYA) | 10.2% | 51.6% |
Magna Mining (TSXV:NICU) | 10.5% | 95.1% |
Artemis Gold (TSXV:ARTG) | 31.8% | 45.6% |
Ivanhoe Mines (TSX:IVN) | 12.3% | 37.8% |
UGE International (TSXV:UGE) | 35.4% | 63.5% |
Here's a peek at a few of the choices from the screener.
Allied Gold
Simply Wall St Growth Rating: ★★★★★☆
Overview: Allied Gold Corporation, along with its subsidiaries, focuses on the exploration and production of mineral deposits in Africa and has a market capitalization of approximately CA$794.80 million.
Operations: The company generates its revenue primarily from three mines: Agbaou Mine contributes CA$141.39 million, Bonikro Mine adds CA$192.71 million, and Sadiola Mine produces CA$342.34 million.
Insider Ownership: 22.4%
Earnings Growth Forecast: 68.1% p.a.
Allied Gold, demonstrating substantial insider buying over the past three months, aligns with a growth narrative supported by its strategic operational enhancements. The company is trading significantly below its estimated fair value and is forecasted to become profitable within three years, outpacing average market growth. Recent announcements confirm steady production increases and improved earnings, reinforcing Allied Gold's potential amidst challenges like fluctuating gold prices and operational risks in emerging markets.
North American Construction Group
Simply Wall St Growth Rating: ★★★★★☆
Overview: North American Construction Group Ltd. operates in the mining and heavy civil construction sectors across Australia, Canada, and the United States, with a market capitalization of CA$725.43 million.
Operations: The company generates its revenue by providing mining and heavy civil construction services across Australia, Canada, and the United States.
Insider Ownership: 11.2%
Earnings Growth Forecast: 44.8% p.a.
North American Construction Group, with significant insider buying over the past three months, shows promise as a growth-oriented company. Despite experiencing a dip in net income and earnings per share in its latest quarterly report, the company maintains robust revenue growth projections of 17.4% annually, outpacing the Canadian market forecast of 6.9%. However, its profit margins have decreased year-over-year and interest payments are not well covered by earnings. The firm's substantial contract extensions highlight strong future revenue streams despite current financial pressures.
Artemis Gold
Simply Wall St Growth Rating: ★★★★★☆
Overview: Artemis Gold Inc. is a gold development company that specializes in identifying, acquiring, and developing gold properties, with a market capitalization of approximately CA$2.18 billion.
Operations: The company specializes in the gold development sector, focusing solely on identifying, acquiring, and developing gold properties.
Insider Ownership: 31.8%
Earnings Growth Forecast: 45.6% p.a.
Artemis Gold, demonstrating substantial insider buying recently, is poised for significant growth with a forecasted revenue increase of 50.8% annually. Despite less than CA$1m in current revenue and recent shareholder dilution, the company's strategic developments at the Blackwater Mine show promising progress towards first gold pour in late 2024. However, Artemis faces challenges with a short cash runway and is trading well below its estimated fair value. Overall, Artemis represents a high-risk but potentially high-reward opportunity in the growth sector with considerable insider confidence.
Unlock comprehensive insights into our analysis of Artemis Gold stock in this growth report.
Our expertly prepared valuation report Artemis Gold implies its share price may be too high.
Where To Now?
Delve into our full catalog of 34 Fast Growing TSX Companies With High Insider Ownership here.
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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 TSX:NOA and TSXV:ARTG.
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