TSX Growth Stocks With Insider Ownership Expecting Up To 96% Earnings Growth

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

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%
VersaBank (TSX:VBNK)	13.3%	30.4%
Amerigo Resources (TSX:ARG)	12%	36.8%
Aritzia (TSX:ATZ)	18.9%	60.4%
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.

Here we highlight a subset of our preferred stocks from the screener.

Allied Gold (TSX:AAUC)

Simply Wall St Growth Rating: ★★★★★☆

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.

• Unlock comprehensive insights into our analysis of Allied Gold stock in this growth report.
• According our valuation report, there's an indication that Allied Gold's share price might be on the cheaper side.

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 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.

• Get an in-depth perspective on Nuvei's performance by reading our analyst estimates report here.
• Insights from our recent valuation report point to the potential overvaluation of Nuvei shares in the market.

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, 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.

• Click here and access our complete growth analysis report to understand the dynamics of Savaria.
• Upon reviewing our latest valuation report, Savaria's share price might be too pessimistic.

Turning Ideas Into Actions

• Dive into all 36 of the Fast Growing TSX Companies With High Insider Ownership we have identified here.
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Seeking Other Investments?

• 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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