Headwater Exploration Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

TSX:HWX Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
02 Aug 24	BuyCA$50,410	Dieter Deines	Individual	7,500	CA$6.72
24 Jun 24	SellCA$733,723	Jonathan Grimwood	Individual	102,758	CA$7.14
20 Jun 24	SellCA$832,118	Chandra Henry	Individual	119,300	CA$7.05
07 Jun 24	SellCA$770,297	Jason Jaskela	Individual	107,977	CA$7.13

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of HWX?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	16,415,611	6.9%
Institutions	69,346,387	29.2%
General Public	152,012,466	63.9%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 32.15% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
7.21%	Canoe Financial LP	17,151,906	CA$101.2m	69.1%	0.81%
3.49%	Franklin Resources, Inc.	8,287,843	CA$48.9m	-3.78%	0.01%
2.15%	Capital Research and Management Company	5,105,000	CA$30.1m	0%	no data
2.14%	Dimensional Fund Advisors LP	5,078,960	CA$30.0m	2.53%	no data
1.64%	1832 Asset Management L.P.	3,889,700	CA$22.9m	3.61%	0.02%
1.6%	Neil Roszell	3,815,663	CA$22.5m	0%	no data
1.54%	BlackRock, Inc.	3,654,031	CA$21.6m	-2.46%	no data
1.48%	Victory Capital Management Inc.	3,511,929	CA$20.7m	-1.62%	0.02%
1.38%	CI Global Asset Management	3,275,420	CA$19.3m	0.05%	0.03%
1.34%	Kevin Olson	3,179,379	CA$18.8m	0%	no data
1.02%	RBC Global Asset Management Inc.	2,435,931	CA$14.4m	5.87%	0.01%
0.92%	American Century Investment Management Inc	2,179,400	CA$12.9m	26.6%	no data
0.9%	Industrielle Alliance, Gestion de placements inc.	2,147,430	CA$12.7m	0%	0.1%
0.85%	Jason Jaskela	2,012,226	CA$11.9m	0%	no data
0.64%	Connor, Clark & Lunn Investment Management Ltd.	1,517,026	CA$9.0m	-40.7%	0.03%
0.61%	Terry Danku	1,461,399	CA$8.6m	0%	no data
0.43%	Alexandra Horvath	1,015,287	CA$6.0m	0%	no data
0.43%	Brad Christman	1,010,810	CA$6.0m	0%	no data
0.39%	Stephen Larke	922,669	CA$5.4m	0%	no data
0.38%	David Pearce	906,956	CA$5.4m	0%	no data
0.37%	CIBC Asset Management Inc.	869,094	CA$5.1m	-15.3%	0.01%
0.36%	BMO Asset Management Corp.	857,537	CA$5.1m	2.8%	no data
0.32%	AGF Management Limited	755,000	CA$4.5m	-55.4%	0.02%
0.31%	NewGen Asset Management Limited	738,200	CA$4.4m	0%	1.5%
0.28%	Scott Rideout	664,200	CA$3.9m	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/04/23 06:40
End of Day Share Price	2025/04/23 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Headwater Exploration Inc. is covered by 22 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Laique Ahmad Amir Arif	ATB Capital Markets
Patrick O'Rourke	ATB Capital Markets
Kuno Ryckborst	Beacon Securities Limited