Three TSX Growth Companies With High Insider Ownership And A Minimum 48% Earnings Growth

Over the past year, the Canadian market has shown a robust growth of 11%, despite remaining unchanged in the last 7 days. In such a steadily growing market, companies with high insider ownership and strong earnings growth are particularly appealing as they often indicate a deep commitment from those who know the company best.

Top 10 Growth Companies With High Insider Ownership In Canada

Name	Insider Ownership	Earnings Growth
Vox Royalty (TSX:VOXR)	12.4%	58.7%
goeasy (TSX:GSY)	21.5%	15.5%
Payfare (TSX:PAY)	15%	38.6%
Allied Gold (TSX:AAUC)	22.5%	71.7%
Ivanhoe Mines (TSX:IVN)	12.5%	66%
Aya Gold & Silver (TSX:AYA)	10.3%	51.6%
Magna Mining (TSXV:NICU)	10.6%	95.1%
Artemis Gold (TSXV:ARTG)	31.7%	48.8%
Silver X Mining (TSXV:AGX)	14.2%	144.2%
Almonty Industries (TSX:AII)	12.3%	105%

Click here to see the full list of 28 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

Let's review some notable picks from our screened stocks.

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$1.87 billion.

Operations: The company generates revenue primarily from its production activities at the Zgounder Silver Mine in Morocco, totaling CA$37.48 million.

Insider Ownership: 10.3%

Earnings Growth Forecast: 51.6% p.a.

Aya Gold & Silver Inc. has recently completed the first silver pour at its Zgounder Silver Mine, marking a significant step in its expansion and operational development. This milestone aligns with robust high-grade silver drill results, underscoring potential resource scalability and efficiency gains. While insider transactions have been balanced, with more shares bought than sold in recent months, shareholder dilution over the past year raises concerns about equity value erosion. Analysts project a substantial 42.4% annual revenue growth for Aya, outpacing general market expectations significantly; however, profit margins have declined from the previous year to 5%.

• Get an in-depth perspective on Aya Gold & Silver's performance by reading our analyst estimates report here.

• The analysis detailed in our Aya Gold & Silver valuation report hints at an inflated share price compared to its estimated value.

TSX:AYA Ownership Breakdown as at Jul 2024

Ivanhoe Mines

Simply Wall St Growth Rating: ★★★★★☆

Overview: Ivanhoe Mines Ltd. specializes in the mining, development, and exploration of minerals and precious metals primarily in Africa, with a market capitalization of approximately CA$25.06 billion.

Operations: The company specializes in the extraction and processing of minerals and precious metals, primarily on the African continent.

Insider Ownership: 12.5%

Earnings Growth Forecast: 66% p.a.

Ivanhoe Mines, a growth-oriented company with high insider ownership, is demonstrating significant operational and financial momentum. The company's revenue is forecasted to grow at 83.1% annually, outpacing the market significantly. Earnings are also expected to surge by 66% per year. Recently, Ivanhoe successfully advanced its Kamoa-Kakula Copper Complex in the DRC, launching the Phase 3 concentrator ahead of schedule and on budget—set to substantially boost copper production. However, there has been substantial insider selling and shareholder dilution over the past year which could raise concerns about equity value retention despite these advancements.

• Unlock comprehensive insights into our analysis of Ivanhoe Mines stock in this growth report.

• Upon reviewing our latest valuation report, Ivanhoe Mines' share price might be too optimistic.

TSX:IVN Ownership Breakdown as at Jul 2024

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$2.15 billion.

Operations: The company specializes in the development of gold properties.

Insider Ownership: 31.7%

Earnings Growth Forecast: 48.8% p.a.

Artemis Gold, amid a challenging phase with a recent net loss of CA$6.65 million, remains steadfast in its growth trajectory, particularly with the Blackwater Mine project which is on schedule for its first gold pour in late 2024. Despite a low return on equity forecast and shareholder dilution, insider buying trends and an expected revenue surge at 51.6% annually suggest confidence from those closest to the company. This aligns with Artemis's strategic advancements and operational milestones, positioning it as an emerging entity in Canada's mining sector with significant insider commitment.

• Dive into the specifics of Artemis Gold here with our thorough growth forecast report.

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

TSXV:ARTG Ownership Breakdown as at Jul 2024

Where To Now?

• Embark on your investment journey to our 28 Fast Growing TSX Companies With High Insider Ownership selection here.

• Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments.

• Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe.

Contemplating Other Strategies?

• 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:IVN and TSXV:ARTG.

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