The Canadian market has shown robust performance, with a 1.4% increase over the last week and a significant 28% climb in the past year, alongside expectations for earnings growth of 16% per annum in the coming years. In this thriving environment, identifying growth companies with high insider ownership can be particularly appealing as it often indicates confidence from those closest to the business.
Top 10 Growth Companies With High Insider Ownership In Canada
Overview: Colliers International Group Inc. offers commercial real estate and investment management services to corporate and institutional clients across various regions including the Americas, Europe, the Middle East, Africa, and the Asia Pacific, with a market cap of CA$10.53 billion.
Operations: The company's revenue segments include $2.59 billion from the Americas, $0.61 billion from Asia Pacific, $0.50 billion from Investment Management, and $0.73 billion from Europe, Middle East & Africa (EMEA).
Insider Ownership: 14.1%
Revenue Growth Forecast: 11% p.a.
Colliers International Group has shown substantial earnings growth, with a notable increase of US$36.72 million in net income for Q2 2024 compared to a loss the previous year. Despite some insider selling, more shares were bought than sold recently, indicating confidence from insiders. Revenue is forecasted to grow at 11% annually, outpacing the Canadian market's average. However, debt coverage by operating cash flow remains inadequate and shareholder dilution occurred over the past year.
Overview: Ivanhoe Mines Ltd. is involved in the mining, development, and exploration of minerals and precious metals primarily in Africa, with a market cap of CA$26.59 billion.
Operations: Ivanhoe Mines Ltd. generates revenue through its activities in mining, development, and exploration of minerals and precious metals across Africa.
Insider Ownership: 12.3%
Revenue Growth Forecast: 86.7% p.a.
Ivanhoe Mines is experiencing significant revenue growth, forecasted at 86.7% annually, outpacing the Canadian market. Recent production records at its Kamoa-Kakula Copper Complex and Kipushi zinc mine highlight operational efficiency. The company has signed an MOU with Zambia's Ministry of Mines to explore new projects, indicating potential expansion opportunities. Despite past shareholder dilution, Ivanhoe trades below fair value estimates and insiders show no recent substantial trading activity, suggesting stability in insider sentiment.
Overview: Artemis Gold Inc. is a gold development company that specializes in identifying, acquiring, and developing gold properties, with a market cap of CA$3.34 billion.
Operations: Artemis Gold Inc. does not currently report any revenue segments, as it is focused on the development of its gold properties.
Insider Ownership: 29.9%
Revenue Growth Forecast: 45.9% p.a.
Artemis Gold is advancing its Blackwater Mine, with construction over 95% complete and first gold pour expected by late Q4 2024. Despite wildfire-related delays, the project remains fully funded. Artemis faces a net loss but anticipates profitability within three years, with revenue growth forecasted at 45.9% annually, surpassing market averages. The company trades significantly below fair value estimates and shows no recent substantial insider trading activity, indicating stable insider sentiment amidst shareholder dilution concerns.
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:CIGI TSX:IVN and TSXV:ARTG.
