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TSX Growth Companies With High Insider Ownership Explored

As the Canadian market experiences a period of relative stability, with inflation pressures showing signs of moderation and equity markets reaching new heights, investors are increasingly focused on growth opportunities. In this context, companies with high insider ownership can be particularly appealing as they often signal strong confidence from those closest to the business in its growth prospects and governance.

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%

Click here to see the full list of 33 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

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Let's uncover some gems from our specialized screener.

Aya Gold & Silver

Simply Wall St Growth Rating: ★★★★★☆

Overview: Aya Gold & Silver Inc. focuses 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 primarily generates revenue through the exploration, evaluation, and development of precious metals in Morocco.

Insider Ownership: 10.2%

Aya Gold & Silver has experienced a significant decline in sales and profitability, with recent quarterly figures showing a drop from US$10.44 million to US$5.08 million in sales, and a shift from a net income of US$1.07 million to a net loss of US$2.54 million. Despite these challenges, the company is forecasted to grow earnings by 51.64% annually and revenue by 53.1% annually, outpacing the Canadian market projections significantly. However, shareholder dilution over the past year and lower profit margins compared to the previous year highlight ongoing concerns amidst its aggressive expansion and exploration efforts in Morocco.

TSX:AYA Earnings and Revenue Growth as at May 2024
TSX:AYA Earnings and Revenue Growth as at May 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$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%

Ivanhoe Mines, despite generating less than US$1m in revenue, is positioned for robust growth with earnings and revenue forecasted to increase by 38% and 48.1% per year respectively, significantly outpacing the Canadian market averages. However, recent financials reveal a net loss of US$65.55 million for Q1 2024, contrasting sharply with the previous year's profit. Insider transactions have been mixed with significant selling over the past quarter, raising concerns amidst aggressive expansion plans including seeking M&A opportunities to enhance copper production at its Western Forelands project.

TSX:IVN Ownership Breakdown as at May 2024
TSX:IVN Ownership Breakdown as at May 2024

Artemis Gold

Simply Wall St Growth Rating: ★★★★★☆

Overview: Artemis Gold Inc. is a gold development company engaged in the identification, acquisition, and development of gold properties, with a market capitalization of approximately CA$2.13 billion.

Operations: The company primarily engages in activities related to the development of gold properties.

Insider Ownership: 31.8%

Artemis Gold, despite making less than US$1m in revenue, shows potential with expected profitability within three years and a forecasted annual revenue growth of 50.8%, significantly higher than the market average. The company's recent quarterly loss widened to CA$6.65 million from CA$1.81 million year-over-year, reflecting ongoing investments in its Blackwater Mine project, which remains on budget and schedule for initial gold production in late 2024. Insider buying activity has been modest over the past three months.

TSXV:ARTG Ownership Breakdown as at May 2024
TSXV:ARTG Ownership Breakdown as at May 2024

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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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com