Top TSX Growth Companies With Insider Ownership October 2024

As the TSX reaches all-time highs, buoyed by optimism surrounding central bank policies and robust corporate earnings, Canadian investors are navigating a landscape shaped by global economic trends and U.S. election uncertainties. In this environment, growth companies with high insider ownership can offer unique insights into market confidence and potential resilience, making them compelling considerations for those seeking to align investment strategies with prevailing economic conditions.

Top 10 Growth Companies With High Insider Ownership In Canada

Name	Insider Ownership	Earnings Growth
Vox Royalty (TSX:VOXR)	11.9%	70.7%
Almonty Industries (TSX:AII)	17.7%	117.6%
goeasy (TSX:GSY)	21.2%	17.1%
Alvopetro Energy (TSXV:ALV)	19.4%	72.4%
Amerigo Resources (TSX:ARG)	12%	36.8%
Propel Holdings (TSX:PRL)	40%	37.2%
Aritzia (TSX:ATZ)	18.9%	60.4%
Allied Gold (TSX:AAUC)	21.9%	74.5%
Medicenna Therapeutics (TSX:MDNA)	15.4%	57.2%
Alpha Cognition (CNSX:ACOG)	17%	69.5%

Click here to see the full list of 37 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

Let's explore several standout options from the results in the screener.

Colliers International Group (TSX:CIGI)

Simply Wall St Growth Rating: ★★★★☆☆

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$10.31 billion.

Operations: The company's revenue is derived from several segments: Americas ($2.59 billion), Asia Pacific ($614.55 million), Investment Management ($496.42 million), and Europe, Middle East & Africa (EMEA) ($734.93 million).

Insider Ownership: 14.2%

Colliers International Group, with significant insider ownership, forecasts strong earnings growth of 20.8% annually, outpacing the Canadian market's 14.6%. Despite recent substantial insider selling and no major purchases in the past three months, its revenue is expected to grow at 11% per year. Recent earnings showed a turnaround from a net loss to a US$36.72 million profit for Q2 2024. The company is expanding its European presence through strategic partnerships like SPGI Zurich AG.

• Click here to discover the nuances of Colliers International Group with our detailed analytical future growth report.
• Upon reviewing our latest valuation report, Colliers International Group's share price might be too optimistic.

Ivanhoe Mines (TSX:IVN)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Ivanhoe Mines Ltd. is involved in the mining, development, and exploration of minerals and precious metals primarily in Africa, with a market capitalization of CA$27.42 billion.

Operations: Ivanhoe Mines Ltd. focuses on the mining, development, and exploration of minerals and precious metals in Africa.

Insider Ownership: 12.3%

Ivanhoe Mines, with significant insider ownership, is poised for substantial growth. Despite a recent decline in net income to US$10.85 million for the first half of 2024, its forecasted revenue and earnings growth rates of 84.2% and 67.7% annually far surpass Canadian market averages. The company's strategic expansion into Zambia through a memorandum with the Ministry of Mines underscores its commitment to long-term mineral resource development, bolstering its growth potential further.

• Take a closer look at Ivanhoe Mines' potential here in our earnings growth report.
• Our valuation report unveils the possibility Ivanhoe Mines' shares may be trading at a premium.

VersaBank (TSX:VBNK)

Simply Wall St Growth Rating: ★★★★★☆

Overview: VersaBank offers a range of banking products and services in Canada and the United States, with a market cap of CA$462.17 million.

Operations: The company's revenue segments include CA$105.16 million from digital banking and CA$10.75 million from cybersecurity services and banking and financial technology development.

Insider Ownership: 13.3%

VersaBank demonstrates strong growth potential with high insider ownership, as its earnings are forecast to grow significantly at 30.4% annually, outpacing the Canadian market. The bank is trading at a substantial discount to its estimated fair value and analysts predict a price increase of 23.6%. Recent earnings show stable performance with net income for nine months reaching CAD 34.23 million, reflecting a strategic focus on expansion through its new U.S. subsidiary.

• Navigate through the intricacies of VersaBank with our comprehensive analyst estimates report here.
• The valuation report we've compiled suggests that VersaBank's current price could be quite moderate.

Key Takeaways

• Unlock our comprehensive list of 37 Fast Growing TSX Companies With High Insider Ownership by clicking here.
• Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly.
• Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe.

Want To Explore Some Alternatives?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence.
• Find companies with promising cash flow potential yet trading below their fair value.

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.

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