Yahoo Finance TSX Growth Companies With High Insider Ownership June 2024
The Canadian market has shown steady performance, maintaining its position over the last week and achieving a 10% increase over the past year, with expectations of a 15% annual earnings growth in the coming years. In this context, stocks with high insider ownership can be particularly compelling, as they often indicate that those who know the company best are betting on its success.
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% |
Allied Gold (TSX:AAUC) | 22.5% | 68.2% |
Aritzia (TSX:ATZ) | 19.1% | 51.2% |
Aya Gold & Silver (TSX:AYA) | 10.2% | 51.6% |
Ivanhoe Mines (TSX:IVN) | 13% | 66.3% |
Magna Mining (TSXV:NICU) | 10.6% | 95.1% |
Artemis Gold (TSXV:ARTG) | 32.1% | 48.8% |
Let's take a closer look at a couple of our picks from the screened companies.
Allied Gold
Simply Wall St Growth Rating: ★★★★★☆
Overview: Allied Gold Corporation, along with its subsidiaries, is engaged in the exploration and production of mineral deposits in Africa, with a market capitalization of approximately CA$747.16 million.
Operations: The company generates revenue from three primary mines: Agbaou Mine at CA$141.39 million, Bonikro Mine at CA$192.71 million, and Sadiola Mine at CA$342.34 million.
Insider Ownership: 22.5%
Allied Gold Corporation, marked by high insider ownership, has demonstrated a robust commitment to growth, with insiders actively acquiring more shares than selling in the recent months. The company is trading at a significant discount compared to its estimated fair value and is forecasted to grow its revenue by 15.2% annually. Analysts anticipate a substantial rise in the stock price and project earnings growth of 68.15% per year. Recent operational results show increased gold production and sales, supporting these positive forecasts despite ongoing challenges like fluctuating gold prices and operational risks in emerging markets.
Click here and access our complete growth analysis report to understand the dynamics of Allied Gold.
Savaria
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Savaria Corporation operates in providing accessibility solutions for the elderly and physically challenged, serving markets in Canada, the United States, Europe, and internationally with a market cap of CA$1.27 billion.
Operations: The company generates revenue primarily from its Patient Care segment, totaling CA$183.82 million.
Insider Ownership: 19.6%
Savaria, with considerable insider buying recently, shows promising growth prospects. Earnings have expanded by 13.1% annually over the past five years and are expected to grow by 24.9% yearly, outpacing the Canadian market forecast of 14.7%. However, revenue growth is more modest at 7.4% annually, though still above the market average of 7.2%. Despite this positive outlook, shareholder dilution occurred last year and the stock trades well below its estimated fair value.
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$2.04 billion.
Operations: The company primarily generates revenue from the development of gold properties.
Insider Ownership: 32.1%
Artemis Gold, despite minimal current revenue, is poised for significant growth with expected revenue increases of 52.6% annually and a transition to profitability within three years. Insider activities show more buying than selling recently, though not in large volumes. Challenges include shareholder dilution over the past year and a short cash runway. The company's Blackwater Mine project is advancing well, staying on budget with major construction milestones nearly complete, supporting its growth trajectory.
Summing It All Up
Discover the full array of 29 Fast Growing TSX Companies With High Insider Ownership right here.
Have a stake in these businesses? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports.
Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe.
Ready For A Different Approach?
Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence.
Find companies with promising cash flow potential yet trading below their fair value.
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:SIS and TSXV:ARTG.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
