Yahoo Finance Three High Insider Ownership TSX Stocks Achieving 43% Earnings Growth
In recent times, the Canadian market has shown resilience, navigating through fluctuating global economic conditions with a steady focus on growth and stability. Given this backdrop, stocks with high insider ownership can be particularly compelling as they often signal strong confidence in the company's future among those who know it best.
Top 10 Growth Companies With High Insider Ownership In Canada
Name | Insider Ownership | Earnings Growth |
goeasy (TSX:GSY) | 21.7% | 15.9% |
Aritzia (TSX:ATZ) | 19% | 51.6% |
Aya Gold & Silver (TSX:AYA) | 10.2% | 43.6% |
Payfare (TSX:PAY) | 15% | 63.8% |
Allied Gold (TSX:AAUC) | 22.4% | 63.2% |
ROK Resources (TSXV:ROK) | 16.6% | 135.9% |
Silver X Mining (TSXV:AGX) | 14.3% | 133.8% |
Ivanhoe Mines (TSX:IVN) | 13.1% | 38% |
Almonty Industries (TSX:AII) | 12.6% | 76.2% |
UGE International (TSXV:UGE) | 35.4% | 63.5% |
We're going to check out a few of the best picks from our screener tool.
Green Thumb Industries
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Green Thumb Industries Inc., operating in the United States, focuses on the manufacturing, distribution, marketing, and sale of cannabis products for both medical and adult use, with a market capitalization of approximately CA$4.18 billion.
Operations: The company generates revenue through the manufacture, distribution, marketing, and sale of cannabis products designed for both medical and recreational purposes.
Insider Ownership: 10.9%
Earnings Growth Forecast: 24% p.a.
Green Thumb Industries, a player in the Canadian cannabis market, has shown robust growth with a recent Q1 earnings surge to US$31.08 million from US$9.14 million year-over-year. Despite trading 34.4% below its estimated fair value and expected slower revenue growth at 10.4% annually, its earnings are projected to grow significantly by nearly 24% per year. Insider activity has been moderate with more purchases than sales recently, reflecting some level of confidence among insiders in the company’s trajectory.
Aya Gold & Silver
Simply Wall St Growth Rating: ★★★★★☆
Overview: Aya Gold & Silver Inc. focuses on exploring, evaluating, and developing precious metals projects in Morocco, with a market capitalization of approximately CA$1.88 billion.
Operations: The company generates its revenue primarily from the production activities at the Zgounder Silver Mine in Morocco, totaling CA$42.85 million.
Insider Ownership: 10.2%
Earnings Growth Forecast: 43.6% p.a.
Aya Gold & Silver Inc., a Canadian growth company with high insider ownership, reported a significant decline in Q1 2024 earnings 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 recent operational setbacks including reduced silver production, the company has demonstrated potential through its extensive exploration activities at Boumadine, Morocco, where recent drilling extended mineralized zones significantly and secured additional exploration rights, enhancing future growth prospects.
Colliers International Group
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Colliers International Group Inc. operates globally, offering commercial real estate professional and investment management services, with a market capitalization of approximately CA$7.76 billion.
Operations: The company generates revenue primarily from the Americas at CA$2.53 billion, followed by Europe, the Middle East & Africa (EMEA) at CA$730.10 million, Asia Pacific at CA$616.58 million, and Investment Management services contributing CA$489.23 million.
Insider Ownership: 14.2%
Earnings Growth Forecast: 36% p.a.
Colliers International Group, a Canadian growth company with substantial insider ownership, has shown robust financial performance with earnings growing by 119.8% over the past year and forecasted to grow by 36% annually. Despite challenges like shareholder dilution and debt not well covered by operating cash flow, the company is trading at 59% below its estimated fair value. Recent strategic moves include a $300 million follow-on equity offering aimed at repaying debt and funding acquisitions, positioning it for potential future growth.
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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 CNSX:GTII TSX:AYA and TSX:CIGI.
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