The Canadian market has been performing strongly, up 1.2% in the last week and an impressive 11% increase over the last 12 months, along with forecasts for annual earnings growth of 15%. In this context, stocks with a high share of insiders can be particularly attractive, as they tend to indicate that those who know the company best are confident in its future prospects.
The 10 growth companies with the highest investor participation in Canada
| Name | Stake | Profit growth |
| Vox Royalty (TSX:VOXR) | 12.3% | 58.7% |
| goeasy (TSX:GSY) | 21.5% | 15.8% |
| Payfare (TSX:PAY) | fifteen% | 46.7% |
| Propel Holdings (TSX:PRL) | 40% | 36.4% |
| Allied Gold (TSX:AAUC) | 22.5% | 68.2% |
| Aritzia (TSX:ATZ) | 19.1% | 51.2% |
| Aya Gold & Silver (TSX:AYA) | 10.2% | 51.6% |
| Ivanhoe Mines (TSX:IVN) | 13% | 66.3% |
| Magna Mining (TSXV:NICU) | 10.6% | 95.1% |
| Artemis Gold (TSXV:ARTG) | 32.1% | 48.8% |
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 selected companies.
Simply Wall St Growth Rating: ★★★★★☆
Overview: Allied Gold Corporation, together with its subsidiaries, is engaged in the exploration and production of mineral deposits in Africa, with a market capitalization of approximately C$747.16 million.
Operations: The company generates revenue from three main mines: The Agbaou mine, with C$141.39 million, the Bonikro mine, with C$192.71 million, and the Sadiola mine, with C$342.34 million. .
Possession of insider information: 22.5
Revenue growth forecast: 15.2% annually
Allied Gold, a Canadian mining company with significant investor participation, has shown promising growth indicators despite some operational problems. Recently added to the S&P/TSX global mining index, the company reported a significant reduction in its net losses and reaffirmed its solid production forecasts for 2024-2026. Allied Gold’s strategic exploration activities seek to substantially expand its mineral resources, consistent with its aggressive production objectives. Analysts predict strong return on equity and considerable upside potential for the share price, reflecting confidence in its value relative to its peers.
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 C$21.87 billion.
Operations: The company primarily focuses on the extraction and processing of minerals and precious metals in Africa.
Possession of inside information: 13%
Revenue Growth Forecast: 83.1% annually
Ivanhoe Mines, a growth-oriented company with significant insider ownership, recently achieved early completion of its Phase 3 concentrator at the Kamoa-Kakula copper complex, boosting production forecasts. Despite a recent net loss in the first quarter of 2024, the company is poised for substantial revenue growth (83.1% YoY) and profit expansion (66.29% YoY). Insider trading has been minimal over the past three months, reflecting cautious optimism among those familiar with the company’s track record amid strategic expansions and operational advances.
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 C$2.04 billion.
Operations: The company’s revenue segments are not specified as it primarily focuses on the development phase of gold properties.
Ownership of inside information: 32.1%
Revenue Growth Forecast: 52.5% annually
Artemis Gold, with high investor participation, is progressing its Blackwater mine project in British Columbia, staying on budget and on schedule for its first gold extraction in late 2024. Despite a significant increase in net losses to C$6.65 million in the first quarter of 2024, down from C$1.81 million a year earlier, insider buying activity has been positive over the past three months. The company’s revenue growth is expected to significantly outpace the Canadian market average, although profitability is not expected to materialize for three years amid ongoing significant capital expenditures and shareholder dilution during the year. last year.
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This Simply Wall St article is of a general nature. We provide commentary based solely on historical data and analyst forecasts using an unbiased methodology and our articles are not intended to be financial advice. They do not constitute a recommendation to buy or sell securities and do not take into account your objectives or financial situation. Our goal is to provide you with long-term analysis based on fundamental data. Please note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative material. Simply Wall St has no position in any of the securities mentioned. Shares held indirectly through other vehicles, such as corporate and/or trust entities, are not included. All revenue and earnings growth forecasts refer to 1-3 year annualized growth rates.
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