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The Canadian market has maintained its positive momentum, rising 1.1% over the last seven days and achieving an impressive 15% increase over the past year. As earnings are forecasted to grow by 16% annually, this thriving environment offers a fertile ground for investors. Growth companies with significant insider ownership are particularly attractive in this scenario, as they often demonstrate strong performance and alignment of interests between management and shareholders.
Colliers International Group (TSX:CIGI)
A Leader in Commercial Real Estate, Colliers stands out as a prominent player in the commercial real estate and investment management sectors. With a market capitalization of CA$9.87 billion, Colliers has established itself as a formidable force in the industry. The company’s revenue streams are well-diversified, with $2.59 billion generated from the Americas, $614.55 million from Asia Pacific, $496.42 million from Investment Management, and $734.93 million from Europe, the Middle East, and Africa (EMEA).
A key attraction of Colliers International is its high insider ownership, which stands at 14.2%. High insider ownership often signals confidence in the company’s future and ensures that management’s interests are closely aligned with those of shareholders. This alignment is particularly appealing to investors looking for stability and growth potential.
Colliers has demonstrated substantial earnings growth, reporting a net income of US$36.72 million for Q2 2024, a significant turnaround from the net loss recorded in the previous year. Revenue also increased to US$1.14 billion from US$1.08 billion, reflecting the company’s strong operational performance. The company expects revenue growth between 8% and 13% for 2024, driven by strategic acquisitions such as Englobe and key partnerships like the one with SPGI Zurich AG.
Goeasy Ltd. (TSX:GSY)
Goeasy is another example, which offers non-prime leasing and lending services through its easyhome, easyfinancial, and LendCare brands. With a market cap of CA$3.17 billion, the company is forecasted to achieve robust revenue growth of 31.6% annually, significantly outpacing the Canadian market’s 7%. Despite recent insider selling, goeasy has demonstrated solid earnings growth, with a 45.1% increase over the past year. Insider ownership stands at 21.4%, further enhancing its appeal to investors.
Ivanhoe Mines Ltd. (TSX:IVN)
Ivanhoe is another notable mention. The company is focused on mining, development, and exploration of minerals and precious metals, primarily in Africa. With a market cap of CA$25.17 billion, Ivanhoe Mines is poised for substantial growth, with revenue forecasted to increase at 84.4% annually. Despite a recent decline in net income, the commencement of the Phase 3 concentrator at Kamoa-Kakula ahead of schedule has significantly boosted production capacity. Ivanhoe Mines’ insider ownership is 12.4%, adding to its attractiveness as an investment.
