Top TSX Growth Companies With Insider Ownership In September 2024

In the last week, the Canadian market has been flat, with the Energy sector dropping 3.1%. Despite this recent stagnation, the market is up 13% over the past year and earnings are forecast to grow by 15% annually. In such an environment, growth companies with high insider ownership can be particularly appealing as they often indicate strong confidence in future performance from those closest to the business.

Top 10 Growth Companies With High Insider Ownership In Canada

Name	Insider Ownership	Earnings Growth
Vox Royalty (TSX:VOXR)	12.5%	70.7%
Allied Gold (TSX:AAUC)	22.5%	73.5%
Almonty Industries (TSX:AII)	17.7%	117.6%
goeasy (TSX:GSY)	21.2%	17.1%
Alvopetro Energy (TSXV:ALV)	19.4%	72.4%
Propel Holdings (TSX:PRL)	40%	37.2%
Payfare (TSX:PAY)	14.7%	27.4%
Medicenna Therapeutics (TSX:MDNA)	15.4%	57.2%
Alpha Cognition (CNSX:ACOG)	17.9%	69.5%
ROK Resources (TSXV:ROK)	16.6%	161.8%

Click here to see the full list of 38 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

Let's take a closer look at a couple of our picks from the screened companies.

Allied Gold (TSX:AAUC)

Simply Wall St Growth Rating: ★★★★★★

Overview: Allied Gold Corporation, with a market cap of CA$759.69 million, explores for and produces mineral deposits in Africa through its subsidiaries.

Operations: Allied Gold Corporation generates revenue from its Agbaou Mine ($142.03 million), Bonikro Mine ($193.93 million), and Sadiola Mine ($391.07 million).

Insider Ownership: 22.5%

Earnings Growth Forecast: 73.5% p.a.

Allied Gold Corporation, with high insider ownership, is advancing the Sadiola Gold Mine expansion to significantly increase production and sustainability. Recent earnings showed a notable improvement with net income rising to US$8.3 million from US$1.15 million year-over-year for Q2 2024. The company also filed a $500 million Shelf Registration to support future growth initiatives. Allied's revenue is forecasted to grow at 21.2% annually, outpacing the Canadian market's growth rate of 6.8%.

• 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.

Aya Gold & Silver (TSX:AYA)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Aya Gold & Silver Inc. (TSX:AYA) explores, evaluates, and develops precious metals projects in Morocco and has a market cap of CA$1.84 billion.

Operations: Aya Gold & Silver Inc.'s revenue from the Zgounder Silver Mine in Morocco is $41.54 million.

Insider Ownership: 10.2%

Earnings Growth Forecast: 71.3% p.a.

Aya Gold & Silver, with substantial insider ownership, is poised for significant growth. Earnings are forecast to grow 71.33% annually over the next three years, outpacing the Canadian market. Recent business expansions include a spinout of its Amizmiz Gold Project and an option on its Tijirit Project in North Africa. Despite some construction delays at Zgounder Silver Mine, high-grade drill results and strategic investments underscore Aya's robust growth trajectory in the mining sector.

• Delve into the full analysis future growth report here for a deeper understanding of Aya Gold & Silver.
• Our comprehensive valuation report raises the possibility that Aya Gold & Silver is priced higher than what may be justified by its financials.

Colliers International Group (TSX:CIGI)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Colliers International Group Inc. provides commercial real estate professional 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$9.73 billion.

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

Insider Ownership: 14.2%

Earnings Growth Forecast: 20.8% p.a.

Colliers International Group, with substantial insider ownership, is experiencing robust growth. Recent earnings reports show a significant turnaround, with Q2 2024 net income at US$36.72 million compared to a loss last year. Revenue forecasts suggest an 8% to 13% increase for 2024, bolstered by strategic acquisitions like Englobe and partnerships such as SPGI Zurich AG. Despite some debt concerns, Colliers' revenue and earnings are expected to grow faster than the Canadian market's average rates.

• Click here to discover the nuances of Colliers International Group with our detailed analytical future growth report.
• Our valuation report here indicates Colliers International Group may be overvalued.

Where To Now?

• Click through to start exploring the rest of the 35 Fast Growing TSX Companies With High Insider Ownership now.
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Interested In Other Possibilities?

• 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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