Yahoo Finance Exploring Three TSX Growth Companies With High Insider Ownership
As the global markets navigate through a promising bull phase, underscored by advancements in artificial intelligence and diversification across sectors, Canadian growth companies with high insider ownership are capturing investor interest. These companies not only benefit from broader market trends but also offer the potential for enhanced alignment between management's interests and shareholder value in this evolving 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% | 68.2% |
ROK Resources (TSXV:ROK) | 16.6% | 159.6% |
Aya Gold & Silver (TSX:AYA) | 10.2% | 51.6% |
Silver X Mining (TSXV:AGX) | 14.2% | 144.2% |
Artemis Gold (TSXV:ARTG) | 31.8% | 45.6% |
Ivanhoe Mines (TSX:IVN) | 12.4% | 38.5% |
UGE International (TSXV:UGE) | 35.4% | 63.5% |
Let's explore several standout options from the results in the screener.
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$1.95 billion.
Operations: The company primarily generates its revenue from the exploration and development of precious metal projects in Morocco.
Insider Ownership: 10.2%
Earnings Growth Forecast: 51.6% p.a.
Aya Gold & Silver has experienced a notable downturn in its recent quarterly financial performance, with sales dropping to US$5.08 million from US$10.44 million the previous year and shifting from a net income of US$1.07 million to a net loss of US$2.54 million. Despite this, the company's revenue and earnings are expected to grow significantly over the next three years, outpacing the Canadian market's average growth rates. However, profit margins have declined year-over-year, posing concerns amidst these growth projections. Additionally, Aya continues aggressive exploration activities in Morocco, expanding its Boumadine project's footprint and reporting high-grade drill results that could promise future resource expansion but also entail substantial investment risks given current financials.
goeasy
Simply Wall St Growth Rating: ★★★★★☆
Overview: goeasy Ltd. operates in Canada, offering non-prime leasing and lending services through its easyhome, easyfinancial, and LendCare brands, with a market capitalization of approximately CA$3.01 billion.
Operations: The company generates revenue through its easyhome and easyfinancial segments, with CA$153.99 million from leasing services and CA$1.17 billion from lending services.
Insider Ownership: 21.7%
Earnings Growth Forecast: 15.9% p.a.
goeasy Ltd., a Canadian company with considerable insider ownership, recently appointed Patrick Ens as President of its easyfinancial and easyhome brands, signaling a strategic bolstering of its leadership amid steady financial growth. In Q1 2024, goeasy reported a revenue increase to CA$357.11 million from CA$287.3 million the previous year and an enhanced net income of CA$58.94 million. Despite these gains, the company's debt is poorly covered by operating cash flow, posing potential financial risks. Analysts project goeasy's revenue to grow faster than the market average at 32.7% annually and anticipate a stock price rise of 24.5%. However, its dividend coverage remains weak compared to cash flows.
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$25.01 billion.
Operations: The firm primarily focuses on the mining, development, and exploration of minerals and precious metals across Africa.
Insider Ownership: 12.4%
Earnings Growth Forecast: 38.5% p.a.
Ivanhoe Mines, actively pursuing mergers and acquisitions, positions itself as a potential acquirer rather than a target. Despite recent financial setbacks with a net loss of US$65.55 million in Q1 2024, the company maintains its production guidance for the year, expecting to produce up to 490,000 tonnes of copper. With insider transactions reflecting more buying than selling recently, Ivanhoe demonstrates confidence from insiders alongside its ambitious growth forecasts in earnings and revenue.
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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:AYATSX:GSY and TSX:IVN
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