Must-Watch TSX Stocks With Top Insider Ownership This September

2 min read | September 20, 2024 02:52 AM AEST | By Team Kalkine Media

Must-Watch TSX Stocks With Top Insider Ownership This September — Image source: Shutterstock

Ivanhoe Mines Ltd. (TSX:IVN)

Ivanhoe Mines Ltd., a key player in the mining sector, specializes in the extraction and development of minerals and precious metals, predominantly in Africa. The company holds a market capitalization of CA$24.33 billion. Ivanhoe Mines has recently signed a Memorandum of Understanding (MOU) with Zambia's Ministry of Mines to collaboratively develop mineral projects. The Kamoa-Kakula Copper Complex reported record production levels in August, and the Phase 3 concentrator is approaching steady-state production. Although recent earnings reflect a decline compared to the previous year, there are projections for substantial annual profit and revenue growth, significantly outstripping the broader Canadian market.

Nuvei Corporation (TSX:NVEI)

Nuvei Corporation, a prominent entity in the payment technology sector, offers solutions to merchants and partners across various regions including North America, Europe, the Middle East and Africa, Latin America, and the Asia Pacific. The company has a market capitalization of CA$6.42 billion and generates revenue of CA$1.31 billion from its payment technology services. With a significant insider ownership of 20.1%, Nuvei is expected to become profitable within the next three years. Revenue is forecasted to grow annually at 12.5%, outpacing the Canadian market. Recent partnerships with Fintech360 and Scanco Software are enhancing its payment processing capabilities and expanding its global footprint in the fintech industry.

Artemis Gold Inc. (TSXV:ARTG)

Artemis Gold Inc., a gold development company, focuses on the identification, acquisition, and development of gold properties. The company, which has a market capitalization of CA$2.97 billion, is projected to achieve a 45.9% annual revenue growth rate, significantly exceeding the Canadian market’s 6.9% growth rate. Despite reporting a net loss of CAD 5.73 million in Q2 2024, Artemis Gold is on track for profitability within the next three years. The Blackwater Mine project, which is fully funded, is set for its first gold pour in Q4 2024. Construction milestones are progressing well, despite recent wildfire disruptions. Artemis Gold’s shares are currently trading at a notable discount to their estimated fair value.

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