Yahoo Finance TSX Growth Leaders With High Insider Ownership May 2024
The Canadian market has shown robust performance, with a 1.2% increase over the past week and a notable 12% rise over the last year. With earnings expected to grow by 14% annually, investors might find particular value in growth companies with high insider ownership, as these can indicate 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% |
Ivanhoe Mines (TSX:IVN) | 13.1% | 38% |
Almonty Industries (TSX:AII) | 12.4% | 82.1% |
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$2.01 billion.
Operations: The company's revenue is primarily derived from the exploration, evaluation, and development of precious metals in Morocco.
Insider Ownership: 10.2%
Earnings Growth Forecast: 51.6% p.a.
Aya Gold & Silver has demonstrated robust forecasted growth with earnings expected to increase by 51.64% annually, significantly outpacing the Canadian market average. However, recent performance has been less promising, evidenced by a net loss and reduced sales in Q1 2024 compared to the previous year. Despite this setback, Aya shows potential in its exploration activities, notably at its Boumadine project in Morocco where recent high-grade drill results could bolster future prospects. Yet investor caution is advised due to recent shareholder dilution and declining profit margins year-over-year.
Our valuation report unveils the possibility Aya Gold & Silver's shares may be trading at a premium.
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 company 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 is actively pursuing mergers and acquisitions, positioning itself as a potential acquirer rather than a target, which could enhance shareholder value through expanded copper production in the Western Forelands. Despite a recent net loss of US$65.55 million in Q1 2024, Ivanhoe's revenue is expected to grow by 48.1% annually, outstripping the Canadian market forecast of 7%. However, shareholders have experienced dilution over the past year, and insider buying has not been substantial recently.
Take a closer look at Ivanhoe Mines' potential here in our earnings growth report.
Our valuation report here indicates Ivanhoe Mines may be overvalued.
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$2.13 billion.
Operations: The company primarily engages in the development of gold properties.
Insider Ownership: 31.8%
Earnings Growth Forecast: 45.6% p.a.
Artemis Gold, amidst construction at the Blackwater Mine, remains on track with its schedule and budget, expecting a first gold pour in late 2024. The company reported a higher net loss of CA$6.65 million in Q1 2024, yet insiders haven't sold substantial shares recently. Despite current minimal revenue generation and less than one year of cash runway, Artemis is anticipated to become profitable within three years and is trading at 72.3% below its estimated fair value.
Dive into the specifics of Artemis Gold here with our thorough growth forecast report.
Upon reviewing our latest valuation report, Artemis Gold's share price might be too optimistic.
Key Takeaways
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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:IVN and TSXV:ARTG.
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