3 TSX Growth Companies Insiders Are Investing In

As the Canadian TSX navigates a volatile start to the fourth quarter, driven by uncertainties in global politics and economic indicators, investors are keenly observing sectors that continue to show resilience and growth potential. In this environment, stocks with high insider ownership can be particularly appealing as they often indicate confidence from those closest to the company's operations.

Top 10 Growth Companies With High Insider Ownership In Canada

Name	Insider Ownership	Earnings Growth
Vox Royalty (TSX:VOXR)	11.8%	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%
Aritzia (TSX:ATZ)	18.9%	60.4%
Aya Gold & Silver (TSX:AYA)	10.2%	71.4%
Allied Gold (TSX:AAUC)	17.7%	72.9%
Medicenna Therapeutics (TSX:MDNA)	15.4%	57.2%
Alpha Cognition (CNSX:ACOG)	17%	69.5%

Click here to see the full list of 36 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

Let's uncover some gems from our specialized screener.

Allied Gold (TSX:AAUC)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Allied Gold Corporation, along with its subsidiaries, is involved in the exploration and production of mineral deposits in Africa and has a market cap of CA$1.01 billion.

Operations: The company's revenue segments include $142.03 million from the Agbaou Mine, $193.93 million from the Bonikro Mine, and $391.07 million from the Sadiola Mine.

Insider Ownership: 17.7%

Allied Gold Corporation showcases strong growth potential, with earnings forecasted to grow significantly above market rates and revenue expected to increase by 21.8% annually. Despite past shareholder dilution, the company is trading at a substantial discount to its estimated fair value. Recent developments include a CAD 192.2 million follow-on equity offering and an ambitious expansion of the Sadiola Gold Mine, projected to boost production significantly over the next few years while positioning it as a low-cost operation.

• Click here to discover the nuances of Allied Gold with our detailed analytical future growth report.
• The analysis detailed in our Allied Gold valuation report hints at an deflated share price compared to its estimated value.

Nuvei (TSX:NVEI)

Simply Wall St Growth Rating: ★★★★☆☆

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 includes the provision of payment technology solutions to merchants and partners, generating $1.31 billion.

Insider Ownership: 20.1%

Nuvei is poised for significant growth, with earnings expected to rise 96.72% annually and revenue projected to outpace the Canadian market at 12.6% per year. Recent strategic moves include expanding its partnership with JCB in APAC, enhancing its presence in eCommerce markets like Singapore and Hong Kong. Despite a recent dip in net income, these partnerships and new product launches bolster Nuvei's growth trajectory and market reach within the fintech sector.

• Get an in-depth perspective on Nuvei's performance by reading our analyst estimates report here.
• Our comprehensive valuation report raises the possibility that Nuvei is priced higher than what may be justified by its financials.

Savaria (TSX:SIS)

Simply Wall St Growth Rating: ★★★★☆☆

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, which accounted for CA$673.74 million.

Insider Ownership: 17.2%

Savaria is positioned for growth with earnings forecasted to increase 30% annually, outpacing the Canadian market. Recent financial results show improved sales and net income, indicating robust performance. The company has increased its monthly dividend, reflecting confidence in its cash flow. Despite significant insider selling recently, the stock trades below fair value estimates, which may present potential opportunities for investors seeking growth within Canada's market landscape.

• Dive into the specifics of Savaria here with our thorough growth forecast report.
• Upon reviewing our latest valuation report, Savaria's share price might be too pessimistic.

Taking Advantage

• Unlock our comprehensive list of 36 Fast Growing TSX Companies With High Insider Ownership by clicking here.
• Have a stake in these businesses? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports.
• Discover a world of investment opportunities with Simply Wall St's free app and access unparalleled stock analysis across all markets.

Curious About Other Options?

• 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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