TSX Growth Companies With High Insider Ownership In October 2024

The Canadian market has shown robust performance, climbing 1.0% in the last week and rising 22% over the past year, with earnings projected to grow by 15% annually. In this thriving environment, growth companies with high insider ownership can be particularly appealing as they often indicate strong confidence from those who know the business best.

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%	76.5%
VersaBank (TSX:VBNK)	13.3%	30.4%
Aritzia (TSX:ATZ)	18.9%	60.4%
Aya Gold & Silver (TSX:AYA)	10.2%	71.4%
Allied Gold (TSX:AAUC)	17.7%	73%
Medicenna Therapeutics (TSX:MDNA)	15.4%	57.2%
Alpha Cognition (CNSX:ACOG)	17%	69.5%

Click here to see the full list of 35 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

We're going to check out a few of the best picks from our screener tool.

Aya Gold & Silver (TSX:AYA)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Aya Gold & Silver Inc. is involved in the exploration, evaluation, and development of precious metals projects in Morocco and has a market cap of CA$2.27 billion.

Operations: Aya Gold & Silver generates revenue primarily from the production at the Zgounder Silver Mine in Morocco, amounting to $41.54 million.

Insider Ownership: 10.2%

Earnings Growth Forecast: 71.4% p.a.

Aya Gold & Silver is poised for significant growth with expected annual revenue and earnings increases of 46.7% and 71.4%, respectively, outpacing the Canadian market. Recent high-grade drill results from Morocco's Boumadine project highlight potential resource expansion, while strategic moves like spinning out the Amizmiz Gold Project to Mx2 Mining bolster its North African presence. However, past shareholder dilution could be a concern despite no recent insider trading activity reported.

• Click to explore a detailed breakdown of our findings in Aya Gold & Silver's earnings growth report.
• The valuation report we've compiled suggests that Aya Gold & Silver's current price could be inflated.

Colliers International Group (TSX:CIGI)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Colliers International Group Inc. offers 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$10.33 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, the Middle East & Africa (EMEA).

Insider Ownership: 14.1%

Earnings Growth Forecast: 20.8% p.a.

Colliers International Group demonstrates potential with forecasted earnings growth of 20.8% annually, surpassing the Canadian market's average. Despite recent insider selling and past shareholder dilution, the company's revenue is projected to grow at 11% per year, outpacing national averages. Recent financial results show a turnaround with net income of US$36.72 million in Q2 2024 compared to a prior loss, reflecting improved operational performance and strategic acquisitions like Englobe impacting guidance positively.

• Navigate through the intricacies of Colliers International Group with our comprehensive analyst estimates report here.
• The analysis detailed in our Colliers International Group valuation report hints at an inflated 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 approximately CA$6.51 billion.

Operations: The company's revenue from providing payment technology solutions to merchants and partners amounts to $1.31 billion.

Insider Ownership: 20.1%

Earnings Growth Forecast: 96.7% p.a.

Nuvei is poised for growth with expected annual profit growth above the market average and revenue forecasted to grow at 13.7% per year, surpassing Canadian market averages. Recent strategic expansions in the APAC region, including partnerships with JCB and Scanco Software, enhance its global footprint. Despite a recent decline in net income to US$3.47 million for Q2 2024, these developments support Nuvei's strategic positioning in fintech innovation and international markets.

• Get an in-depth perspective on Nuvei's performance by reading our analyst estimates report here.
• In light of our recent valuation report, it seems possible that Nuvei is trading beyond its estimated value.

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Looking For Alternative Opportunities?

• 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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