High Insider Ownership Growth Companies On The TSX

Despite a relatively flat performance over the last week, the Canadian market has shown robust growth, up 11% over the past year with earnings expected to grow by 15% annually. In such an environment, stocks with high insider ownership can be particularly appealing as they often suggest that company leaders have a strong commitment to their company's future success.

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%	46.1%
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 27 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

We'll examine a selection from our screener results.

Aya Gold & Silver (TSX:AYA)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Aya Gold & Silver Inc. is a company involved in 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 production activities at the Zgounder Silver Mine in Morocco, totaling CA$37.48 million.

Insider Ownership: 10.3%

Aya Gold & Silver has demonstrated substantial growth potential, with revenue and earnings forecast to outpace the Canadian market significantly. Despite some shareholder dilution in the past year, insider activities have been positive recently, with more shares bought than sold. However, profit margins have decreased from last year. Recent high-grade drilling results at Zgounder and commissioning of a new mill underscore operational progress and expansion capabilities, aligning with its robust growth trajectory.

• Take a closer look at Aya Gold & Silver's potential here in our earnings growth report.
• Our comprehensive valuation report raises the possibility that Aya Gold & Silver is priced higher than what may be justified by its financials.

Ivanhoe Mines (TSX:IVN)

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 company primarily generates revenue from the mining, development, and exploration of minerals and precious metals in Africa.

Insider Ownership: 12.5%

Ivanhoe Mines, despite minimal revenue, is poised for significant growth with earnings expected to surge by 66% annually. The company's recent completion of the Phase 3 concentrator at the Kamoa-Kakula Copper Complex ahead of schedule enhances its production capacity significantly, promising substantial future revenues. However, insider transactions have not shown strong buying activity recently, and shareholder dilution over the past year could raise concerns about equity value erosion.

• Click here and access our complete growth analysis report to understand the dynamics of Ivanhoe Mines.
• Our valuation report here indicates Ivanhoe Mines may be overvalued.

Artemis Gold (TSXV:ARTG)

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$2.15 billion.

Operations: The company focuses on gold property development, without reporting specific revenue segments.

Insider Ownership: 31.7%

Artemis Gold, despite its current lack of substantial revenue, is on a trajectory for rapid growth with earnings projected to increase by 48.76% annually. The company's revenue is expected to outpace the Canadian market significantly. Recent developments include progressing construction at the Blackwater Mine, which remains on budget and schedule for initial gold production in late 2024. However, shareholder dilution over the past year and limited insider buying could temper investor enthusiasm.

• Navigate through the intricacies of Artemis Gold with our comprehensive analyst estimates report here.
• The analysis detailed in our Artemis Gold valuation report hints at an inflated share price compared to its estimated value.

Key Takeaways

• Click this link to deep-dive into the 27 companies within our Fast Growing TSX Companies With High Insider Ownership screener.
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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.

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