September 2024's Top TSX Growth Stocks With High Insider Ownership
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The market has been flat over the last week, but over the past 12 months, it has risen by 21%, with earnings expected to grow by 15% per annum over the next few years. In this context, identifying growth companies with high insider ownership can be crucial for investors seeking to capitalize on strong performance and aligned interests.
Top 10 Growth Companies With High Insider Ownership In Canada
| Name | Insider Ownership | Earnings Growth |
| Vox Royalty (TSX:VOXR) | 12.3% | 70.7% |
| Allied Gold (TSX:AAUC) | 21.9% | 73.5% |
| Almonty Industries (TSX:AII) | 17.7% | 117.6% |
| goeasy (TSX:GSY) | 21.2% | 17.1% |
| Alvopetro Energy (TSXV:ALV) | 19.4% | 72.4% |
| Amerigo Resources (TSX:ARG) | 12% | 36.8% |
| Propel Holdings (TSX:PRL) | 40% | 37.2% |
| Aritzia (TSX:ATZ) | 18.9% | 60.4% |
| Medicenna Therapeutics (TSX:MDNA) | 15.4% | 57.2% |
| Alpha Cognition (CNSX:ACOG) | 17% | 69.5% |
Let's dive into some prime choices out of the screener.
Aya Gold & Silver
Simply Wall St Growth Rating: ★★★★★☆
Overview: Aya Gold & Silver Inc., with a market cap of CA$2.38 billion, is involved in the exploration, evaluation, and development of precious metals projects in Morocco.
Operations: Aya Gold & Silver generates its revenue primarily from the production at the Zgounder Silver Mine in Morocco, amounting to $41.54 million.
Insider Ownership: 10.2%
Earnings Growth Forecast: 71.4% p.a.
Aya Gold & Silver exhibits strong growth potential with high insider ownership. Recent exploration at Boumadine and Zgounder mines in Morocco revealed significant high-grade silver results, extending mineralized zones. The company is expanding its Zgounder Silver Mine, which is 98% complete but facing minor delays. Aya plans to spin out the Amizmiz Gold Project into a new entity, Mx2 Mining, maintaining majority ownership. Earnings have surged significantly over the past year and are forecasted to continue growing rapidly.
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Our valuation report unveils the possibility Aya Gold & Silver's shares may be trading at a premium.
Ivanhoe Mines
Simply Wall St Growth Rating: ★★★★★☆
Overview: Ivanhoe Mines Ltd. engages in the mining, development, and exploration of minerals and precious metals primarily in Africa and has a market cap of CA$27.77 billion.
Operations: Ivanhoe Mines generates revenue through the mining, development, and exploration of minerals and precious metals, primarily in Africa.
Insider Ownership: 12.3%
Earnings Growth Forecast: 68.3% p.a.