TSX Growth Companies With High Insider Ownership To Watch

As central banks in Canada and the U.S. adapt to shifting economic indicators, with the Bank of Canada already initiating rate cuts amidst softening economic growth, investors might find reassurance in markets that historically benefit from such macroeconomic adjustments. In this context, growth companies on the TSX with high insider ownership could be particularly compelling, as significant insider stakes often align leadership interests with shareholder value creation, potentially offering stability and confidence amidst broader market uncertainties.

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.

Here's a peek at a few of the choices from 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$1.87 billion.

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

Insider Ownership: 10.3%

Revenue Growth Forecast: 42.4% p.a.

Aya Gold & Silver Inc., a Canadian company with high insider ownership, showcases promising growth with significant recent advancements in its operations. The firm recently reported robust drill results at its Zgounder Silver Mine, including extremely high-grade silver intersections. Additionally, the commissioning of a new 2,000-tonnes-per-day mill is underway and expected to enhance production capabilities substantially. Despite facing challenges like a net loss in Q1 2024 and share dilution over the past year, Aya's revenue and earnings are forecasted to grow significantly above market rates, supported by substantial insider buying activity within the last three months.

• Navigate through the intricacies of Aya Gold & Silver with our comprehensive analyst estimates report here.

• Our comprehensive valuation report raises the possibility that Aya Gold & Silver is priced higher than what may be justified by its financials.

TSX:AYA Earnings and Revenue Growth as at Jul 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$25.06 billion.

Operations: The firm primarily operates in the mining and exploration of minerals and precious metals across Africa.

Insider Ownership: 12.5%

Revenue Growth Forecast: 83.1% p.a.

Ivanhoe Mines, despite recent insider selling, is poised for substantial growth with its earnings and revenue expected to outpace the Canadian market significantly. The company recently completed the Phase 3 concentrator at Kamoa-Kakula ahead of schedule, enhancing its copper production capacity. However, it faces challenges from shareholder dilution over the past year and a lack of significant insider buying in recent months. This growth trajectory is supported by strong analyst confidence suggesting a potential increase in stock price.

• Delve into the full analysis future growth report here for a deeper understanding of Ivanhoe Mines.

• Insights from our recent valuation report point to the potential overvaluation of Ivanhoe Mines shares in the market.

TSX:IVN Earnings and Revenue Growth as at Jul 2024

Artemis Gold

Simply Wall St Growth Rating: ★★★★★☆

Overview: Artemis Gold Inc. is a gold development company that specializes in identifying, acquiring, and developing gold properties, with a market capitalization of approximately CA$2.15 billion.

Operations: The company specializes in the gold development sector, focusing on property identification, acquisition, and development.

Insider Ownership: 31.7%

Revenue Growth Forecast: 51.6% p.a.

Artemis Gold, with high insider ownership, is forecasted to grow its revenue by 51.6% annually, outpacing the Canadian market's 7.3%. Despite making less than US$1m in revenue and experiencing shareholder dilution last year, the company is expected to become profitable within three years. Recent developments include substantial progress on the Blackwater Mine, poised for its first gold pour in late 2024, with most of the initial capital expenditure committed and construction on schedule.

• Unlock comprehensive insights into our analysis of Artemis Gold stock in this growth report.

• Our valuation report here indicates Artemis Gold may be overvalued.

TSXV:ARTG Ownership Breakdown as at Jul 2024

Key Takeaways

• Explore the 28 names from our Fast Growing TSX Companies With High Insider Ownership screener here.

• Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks.

• Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide.

Seeking Other Investments?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.

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• 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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