TSX Growth Leaders With High Insider Ownership May 2024

As Canada continues to experience more favorable inflation trends compared to its southern neighbor, the Canadian market remains an attractive landscape for investors. With stocks reaching new highs and economic indicators showing resilience, companies with high insider ownership on the TSX are particularly noteworthy as they often signal strong confidence from those closest to the company's operations and future.

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%	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%
Almonty Industries (TSX:AII)	12.4%	82.1%
UGE International (TSXV:UGE)	35.4%	63.5%

Click here to see the full list of 33 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

Underneath we present a selection of stocks filtered out by our screen.

Aya Gold & Silver

Simply Wall St Growth Rating: ★★★★★☆

Overview: Aya Gold & Silver Inc. is a company focused on the exploration, evaluation, and development of precious metals projects in Morocco, with a market capitalization of approximately CA$2.01 billion.

Operations: The company primarily focuses on precious metals projects in Morocco, generating its revenues from these activities.

Insider Ownership: 10.2%

Earnings Growth Forecast: 51.6% p.a.

Aya Gold & Silver Inc. faces challenges with a recent net loss and decreased silver production, yet it shows potential through its aggressive exploration and expansion activities, notably in Morocco. Despite a dip in profit margins year-over-year and shareholder dilution, Aya is forecasted to significantly grow its revenue and earnings annually at rates well above the market average. This growth is underpinned by substantial new mineral discoveries and expanded drilling programs that could enhance future profitability despite current financial setbacks.

• Unlock comprehensive insights into our analysis of Aya Gold & Silver stock in this growth report.

• Our valuation report unveils the possibility Aya Gold & Silver's shares may be trading at a premium.

TSX:AYA Ownership Breakdown as at May 2024

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's revenue is primarily generated from the Americas, which contributes CA$2.53 billion, followed by Europe, the Middle East & Africa (EMEA) at CA$0.73 billion, Asia Pacific with CA$0.62 billion, and Investment Management services providing CA$0.49 billion.

Insider Ownership: 14.2%

Earnings Growth Forecast: 36% p.a.

Colliers International Group has demonstrated robust earnings growth, with a significant 119.8% increase over the past year and expectations for continued expansion at 36% annually. Despite this, revenue growth projections are modest at 7.2% per year, slightly above the Canadian market average. Recent strategic moves include a $300 million equity offering aimed at reducing debt and funding acquisitions, positioning the firm for potential future growth despite some financial strains from shareholder dilution and insufficient debt coverage by operating cash flow.

• Delve into the full analysis future growth report here for a deeper understanding of Colliers International Group.

• In light of our recent valuation report, it seems possible that Colliers International Group is trading behind its estimated value.

TSX:CIGI Earnings and Revenue Growth as at May 2024

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$26.77 billion.

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

Insider Ownership: 13.1%

Earnings Growth Forecast: 38% p.a.

Ivanhoe Mines, a growth-focused mining company with substantial insider ownership, is actively seeking mergers and acquisitions to enhance shareholder value. Despite a recent net loss of US$65.55 million in Q1 2024, the company maintains strong production forecasts with its Kamoa-Kakula project expected to produce between 440,000 and 490,000 tonnes of copper this year. Insider transactions have shown more buying than selling activity over the past three months, signaling confidence from those closest to the company’s operations.

• Click to explore a detailed breakdown of our findings in Ivanhoe Mines' earnings growth report.

• According our valuation report, there's an indication that Ivanhoe Mines' share price might be on the expensive side.

TSX:IVN Ownership Breakdown as at May 2024

Where To Now?

• Embark on your investment journey to our 33 Fast Growing TSX Companies With High Insider Ownership selection here.

• Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly.

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Looking For Alternative Opportunities?

• 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:AYA TSX:CIGI and TSX:IVN.

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