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The ASX200 has been up 0.42% at 8,134 points, nearing its record high of 8,148 set in August. Despite global uncertainties, the Australian market remains resilient with sectors like Real Estate and Telecommunications showing positive momentum. In this environment, growth companies with high insider ownership can offer unique advantages as they often align management interests with those of shareholders. This article will explore Capricorn Metals and two other ASX-listed growth stocks that exhibit strong insider ownership.
Top 10 Growth Companies With High Insider Ownership In Australia
Name | Insider Ownership | Earnings Growth |
Clinuvel Pharmaceuticals (ASX:CUV) | 10.4% | 27.4% |
Catalyst Metals (ASX:CYL) | 17% | 54.5% |
AVA Risk Group (ASX:AVA) | 15.7% | 118.8% |
Genmin (ASX:GEN) | 12% | 117.7% |
Pointerra (ASX:3DP) | 18.7% | 126.4% |
Liontown Resources (ASX:LTR) | 16.4% | 69.4% |
Hillgrove Resources (ASX:HGO) | 10.4% | 70.5% |
Acrux (ASX:ACR) | 14.6% | 91.6% |
Adveritas (ASX:AV1) | 21.1% | 144.2% |
Plenti Group (ASX:PLT) | 12.8% | 106.4% |
We're going to check out a few of the best picks from our screener tool.
Capricorn Metals
Simply Wall St Growth Rating: ★★★★★☆
Overview: Capricorn Metals Ltd is an Australian company focused on the evaluation, exploration, development, and production of gold properties with a market cap of A$2.36 billion.
Operations: Capricorn Metals' revenue primarily comes from its Karlawinda gold property, generating A$359.73 million.
Insider Ownership: 11.9%
Capricorn Metals has demonstrated significant growth, with earnings increasing by a very large amount over the past year. Forecasts indicate its earnings will grow significantly at 20.2% annually, outpacing the Australian market. Recent updates include a major expansion study at the Karlawinda Gold Project and an increase in Mineral Reserves to 57.7 million tonnes containing 1,428 koz gold, supporting a pre-expansion life of mine exceeding 13 years. The stock trades at 52.9% below its estimated fair value.
Mineral Resources
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Mineral Resources Limited, with a market cap of A$7.47 billion, operates as a mining services company in Australia, Asia, and internationally through its subsidiaries.
Operations: Revenue segments (in millions of A$): Energy: 16, Lithium: 1409, Iron Ore: 2578, Mining Services: 3380, Other Commodities: 19