The market has climbed 2.1% in the last 7 days, led by the Financials sector with a gain of 2.0%. Over the past 12 months, the market is up 14%, and earnings are forecast to grow by 15% annually. In this favorable environment, growth companies with high insider ownership can be particularly attractive as they often signal strong confidence from those closest to the business.
Top 10 Growth Companies With High Insider Ownership In Canada
Overview: Aya Gold & Silver Inc., with a market cap of CA$2.03 billion, focuses on the exploration, evaluation, and development of precious metals projects in Morocco.
Operations: The company's revenue segment primarily consists of $37.48 million generated from the production at the Zgounder Silver Mine in Morocco.
Insider Ownership: 10.3%
Revenue Growth Forecast: 54.8% p.a.
Aya Gold & Silver, a growth company with high insider ownership, has shown substantial progress in its Moroccan operations. Recent geophysical surveys at Boumadine reveal multiple potential conductive anomalies, expanding the exploration footprint. The inaugural silver pour at the expanded Zgounder Silver Mine marks a significant milestone, with commercial production expected by Q4-2024. Despite lower profit margins and recent net losses, revenue is forecast to grow significantly faster than the Canadian market over the next three years.
Overview: Ivanhoe Mines Ltd. engages in the mining, development, and exploration of minerals and precious metals primarily in Africa, with a market cap of CA$24.28 billion.
Operations: Ivanhoe Mines Ltd. generates revenue through the mining, development, and exploration of minerals and precious metals primarily in Africa.
Insider Ownership: 12.4%
Revenue Growth Forecast: 84.3% p.a.
Ivanhoe Mines demonstrates significant growth potential with high insider ownership, despite recent earnings declines. The company's revenue is forecast to grow substantially faster than the Canadian market at 84.3% per year. Recent developments include the completion of the Phase 3 concentrator at Kamoa-Kakula, boosting production capacity and positioning it as one of the world's largest copper mining complexes. Insiders have shown confidence with substantial share purchases in recent months, indicating strong internal belief in future prospects.
Overview: Payfare Inc. is a financial technology company offering instant payout and digital banking solutions to gig economy workers in Canada, the United States, and Mexico, with a market cap of CA$379.30 million.
Operations: The company's revenue from Internet Software & Services is CA$195.63 million.
Insider Ownership: 14.8%
Revenue Growth Forecast: 24.7% p.a.
Payfare Inc. showcases robust growth potential with high insider ownership, driven by impressive earnings growth of CAD 5.11 million in Q1 2024 from CAD 1.29 million a year ago. The long-term extension of its partnership with Lyft Inc., enhancing the Lyft Direct platform, underscores its strategic positioning in digital banking for gig workers. Additionally, the formation of a Strategic Advisory Board featuring Alex Ceballos aims to guide Payfare's international expansion and strategic acquisitions, bolstering future growth prospects.
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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:AYA TSX:IVN and TSX:PAY.
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