Stock Analysis

TSX Growth Leaders With High Insider Ownership To Watch

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In the last week, the Canadian market has remained stable, while showing a robust growth of 10% over the past year with earnings expected to increase by 15% annually. In this context, stocks with high insider ownership can be particularly compelling as they often indicate confidence from those who know the company best.

Top 10 Growth Companies With High Insider Ownership In Canada

NameInsider OwnershipEarnings Growth
Vox Royalty (TSX:VOXR)12.4%58.7%
goeasy (TSX:GSY)21.5%15.8%
Payfare (TSX:PAY)15%46.7%
Propel Holdings (TSX:PRL)40%36.4%
Allied Gold (TSX:AAUC)22.5%68.2%
Aritzia (TSX:ATZ)19%51.2%
Aya Gold & Silver (TSX:AYA)10.2%51.6%
Silver X Mining (TSXV:AGX)14.2%144.2%
Ivanhoe Mines (TSX:IVN)13%65.5%
Almonty Industries (TSX:AII)12.3%105%

Click here to see the full list of 29 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

Let's take a closer look at a couple of our picks from the screened companies.

Aritzia (TSX:ATZ)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Aritzia Inc. is a Canadian fashion retailer specializing in women's apparel and accessories, primarily operating in the United States and Canada, with a market capitalization of approximately CA$4.40 billion.

Operations: The company generates CA$2.33 billion in revenue from its apparel and accessories sales.

Insider Ownership: 19%

Revenue Growth Forecast: 11% p.a.

Aritzia, a Canadian retailer, reported a notable dip in net income and earnings per share for the fiscal year ending March 2024, with figures standing at CA$78.78 million and CA$0.69 respectively, down from the previous year. Despite this downturn, the company projects revenue growth between 8% to 12% for fiscal 2025. Insider ownership remains substantial but without recent buying activity. The stock is currently perceived as undervalued, trading significantly below estimated fair value while expected to outpace market earnings growth forecasts significantly over the next three years.

TSX:ATZ Earnings and Revenue Growth as at Jun 2024
TSX:ATZ Earnings and Revenue Growth as at Jun 2024

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$22.53 billion.

Operations: The firm primarily focuses on the extraction and processing of minerals and precious metals in Africa.

Insider Ownership: 13%

Revenue Growth Forecast: 83.3% p.a.

Ivanhoe Mines has demonstrated robust growth with the early completion of its Phase 3 concentrator at the Kamoa-Kakula Copper Complex, significantly ahead of schedule and within budget. This expansion is set to substantially increase copper production, positioning Ivanhoe as a top global copper producer. Despite a recent net loss in Q1 2024, revenue and earnings forecasts remain highly optimistic, driven by operational efficiencies and strategic acquisitions aimed at enhancing shareholder value. Insider transactions have been balanced, indicating sustained confidence among key stakeholders.

TSX:IVN Earnings and Revenue Growth as at Jun 2024
TSX:IVN Earnings and Revenue Growth as at Jun 2024

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$2.01 billion.

Operations: The company's revenue primarily stems from the development of gold properties.

Insider Ownership: 31.8%

Revenue Growth Forecast: 52.6% p.a.

Artemis Gold, amidst constructing the Blackwater Mine in British Columbia, shows promising growth with its project 73% complete and on track for initial gold production in late 2024. Despite a recent increase in net loss to CA$6.65 million in Q1 2024, the company maintains strong insider buying activity over the past three months. With revenue expected to grow significantly and profitability forecast within three years, Artemis reflects a potent mix of high insider ownership aligning with substantial future growth prospects.

TSXV:ARTG Ownership Breakdown as at Jun 2024
TSXV:ARTG Ownership Breakdown as at Jun 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.

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