The Canadian market has remained flat over the past week but is up 12% over the last year, with earnings forecasted to grow by 15% annually. In this favorable environment, growth stocks with high insider ownership can be particularly attractive as they often indicate strong confidence from those who know the company best.
Top 10 Growth Companies With High Insider Ownership In Canada
Overview: Aya Gold & Silver Inc., with a market cap of CA$2.03 billion, is involved in the exploration, evaluation, and development of precious metals projects in Morocco.
Operations: Aya Gold & Silver generates revenue primarily from the production at the Zgounder Silver Mine in Morocco, amounting to $37.48 million.
Insider Ownership: 10.3%
Aya Gold & Silver, a growth company with high insider ownership in Canada, has shown significant potential through recent developments. The company's geophysical survey at Boumadine revealed multiple conductive anomalies, indicating large-scale mineralization potential. Additionally, the inaugural silver pour at the expanded Zgounder Silver Mine marks a critical milestone towards achieving commercial production by Q4-2024. Despite a net loss of US$2.54 million in Q1-2024 and lower profit margins compared to last year, insiders have been buying shares substantially over the past three months, reflecting strong internal confidence in future growth prospects.
Overview: Colliers International Group Inc. offers commercial real estate and investment management services to corporate and institutional clients across the Americas, Europe, the Middle East, Africa, and the Asia Pacific, with a market cap of CA$9.36 billion.
Operations: The company generates revenue from various segments including the Americas ($2.53 billion), Asia Pacific ($616.58 million), Investment Management ($489.23 million), and Europe, Middle East & Africa (EMEA) ($730.10 million).
Insider Ownership: 14.2%
Colliers International Group, a growth company with high insider ownership in Canada, reported significant earnings improvement for Q2 2024, with net income of US$36.72 million compared to a net loss last year. Despite substantial insider selling over the past three months and recent shareholder dilution, the company's earnings are forecast to grow significantly at 33.6% per year. Colliers is trading at 53.7% below its estimated fair value and has announced strategic partnerships to enhance its European presence.
Overview: Payfare Inc. (TSX:PAY) 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: Payfare's revenue primarily comes from its Internet Software & Services segment, which generated CA$195.63 million.
Insider Ownership: 14.8%
Payfare, a Canadian growth company with high insider ownership, recently extended its partnership with Lyft Inc., enhancing the Lyft Direct program's financial services for drivers. The formation of a Strategic Advisory Board, including Alex Ceballos from Amazon, aims to guide international expansion. Payfare reported Q1 2024 earnings of CAD 5.11 million on sales of CAD 51.9 million and forecasts annual revenue growth of 24.7% and earnings growth of 38.6%, outpacing the Canadian market significantly.
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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:CIGI and TSX:PAY.
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