The Canadian market remained flat over the last week but has shown a robust 23% increase over the past 12 months, with earnings forecasted to grow by 15% annually. In this environment, stocks with high insider ownership and strong growth potential can be particularly appealing as they may align management interests with those of shareholders while capitalizing on expected earnings growth.
Top 10 Growth Companies With High Insider Ownership In Canada
Overview: Allied Gold Corporation, with a market cap of CA$1.01 billion, explores and produces mineral deposits in Africa through its subsidiaries.
Operations: The company's revenue is derived from its operations at the Agbaou Mine ($142.03 million), Bonikro Mine ($193.93 million), and Sadiola Mine ($391.07 million).
Insider Ownership: 17.7%
Earnings Growth Forecast: 72.9% p.a.
Allied Gold, a growth-focused company in Canada, is projected to see earnings increase by 72.91% annually and revenue grow at 21.8% per year, surpassing the Canadian market's average. Despite recent shareholder dilution and a limited cash runway, the company is valued attractively below its fair value estimate and analyst price targets suggest significant upside potential. Recent developments include a CAD 192.2 million equity offering and ongoing expansion of the Sadiola Gold Mine project aimed at boosting production efficiency.
Overview: Nuvei Corporation offers payment technology solutions to merchants and partners across various regions including North America, Europe, the Middle East and Africa, Latin America, and the Asia Pacific with a market cap of CA$6.42 billion.
Operations: The company's revenue segment consists of providing payment technology solutions to merchants and partners, generating $1.31 billion.
Insider Ownership: 20.1%
Earnings Growth Forecast: 96.7% p.a.
Nuvei Corporation, a Canadian growth company, is expected to see revenue grow at 12.6% annually, outpacing the broader Canadian market. While its Return on Equity is forecasted to be modest at 18.2%, Nuvei's strategic partnerships in the APAC region and with Fintech360 enhance its global reach and fintech capabilities. Recent collaborations have expanded its payment solutions offerings, positioning Nuvei well for future profitability as it aims to become profitable within three years.
Overview: Savaria Corporation offers accessibility solutions for the elderly and physically challenged across Canada, the United States, Europe, and internationally, with a market cap of CA$1.58 billion.
Operations: The company's revenue segments include Patient Care, which generated CA$183.98 million, and Segment Adjustment, totaling CA$673.74 million.
Insider Ownership: 17.2%
Earnings Growth Forecast: 30% p.a.
Savaria Corporation, a Canadian growth company, has seen substantial earnings growth of 14.4% annually over the past five years. Despite recent significant insider selling, no substantial shares were bought by insiders in the last three months. The company's earnings are forecasted to grow significantly at nearly 30% per year, outpacing the Canadian market's expected profit growth of 14.5%. Savaria recently increased its monthly dividend to $0.045 per share, reflecting confidence in its financial stability and future prospects.
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:AAUC TSX:NVEI and TSX:SIS.
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