Yahoo Finance Unveiling Three TSX Growth Companies With High Insider Ownership
As central banks in Canada and the U.S. adjust interest rates in response to evolving economic indicators, markets are navigating through changing tides of inflation and employment trends. In such an environment, growth companies with high insider ownership can be particularly compelling, as these insiders may be better positioned to steer their companies through fluctuating economic cycles due to their vested interests and deep understanding of their businesses.
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% | 67.6% |
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% |
Here's a peek at a few of the choices from the screener.
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$7.75 billion.
Operations: The company generates revenue through its operations in the Americas totaling CA$2.53 billion, Asia Pacific at CA$616.58 million, investment management services contributing CA$489.23 million, and Europe, Middle East & Africa (EMEA) with revenues of CA$730.10 million.
Insider Ownership: 14.2%
Colliers International Group is poised for notable growth with expected earnings to increase significantly over the next three years, outpacing the Canadian market. Despite this, challenges such as shareholder dilution and debt not being well covered by operating cash flow persist. Recent strategic moves include a partnership with SPGI Zurich AG to strengthen its European operations, and securing a contract to market Diamondhead Casino's property in Mississippi, showcasing its active expansion and diversification efforts.
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$24.65 billion.
Operations: The firm primarily generates revenue from the mining, development, and exploration of minerals and precious metals in Africa.
Insider Ownership: 12.5%
Ivanhoe Mines, a growth-oriented company with substantial insider ownership, recently announced the early and on-budget completion of its Phase 3 concentrator at the Kamoa-Kakula Copper Complex. This development is set to significantly boost copper production, positioning the company as one of the world's largest copper producers. Despite some shareholder dilution over the past year and a challenging first quarter with a net loss of US$65.55 million, Ivanhoe's revenue and earnings are expected to grow robustly, outpacing many peers in Canada.
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$2.24 billion.
Operations: The company's revenue segments are not specified in the provided text.
Insider Ownership: 31.7%
Artemis Gold, amid its substantial construction progress at the Blackwater Mine, remains on track for its first gold pour in late 2024. Despite a recent increase in net loss to CA$6.65 million from CA$1.81 million year-over-year, insider transactions have been balanced with more purchases than sales, though not significantly. The company's revenue growth is projected to surpass the Canadian market average significantly, and profitability is expected within three years. However, shareholders experienced dilution over the past year.
Turning Ideas Into Actions
Explore the 28 names from our Fast Growing TSX Companies With High Insider Ownership screener here.
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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:CIGI TSX:IVN and TSXV:ARTG.
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