TSX Growth Companies With High Insider Ownership October 2024

The Canadian market has shown robust performance recently, rising 1.4% in the past week and achieving a 22% increase over the last year, with all sectors contributing to these gains. In this thriving environment, identifying growth companies with high insider ownership can be particularly appealing as it may indicate confidence from those closest to the business in its potential for continued success.

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%	59.7%
Allied Gold (TSX:AAUC)	18.3%	73%
Ivanhoe Mines (TSX:IVN)	12.3%	69.5%
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.

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

Aya Gold & Silver (TSX:AYA)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Aya Gold & Silver Inc., along with its subsidiaries, focuses on the exploration, evaluation, and development of precious metals projects in Morocco and has a market cap of CA$2.45 billion.

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

Insider Ownership: 10.2%

Aya Gold & Silver demonstrates significant growth potential with its high insider ownership, bolstered by expected annual revenue and earnings growth surpassing 20%. Recent exploration at Boumadine in Morocco revealed promising high-grade drill results, extending mineralized zones. The company is expanding its Zgounder Silver Mine, though facing minor delays. Aya's strategic spinout of the Amizmiz Gold Project into Mx2 Mining highlights a focused approach to North African assets, potentially enhancing shareholder value through targeted resource development.

• Unlock comprehensive insights into our analysis of Aya Gold & Silver stock in this growth report.
• Upon reviewing our latest valuation report, Aya Gold & Silver's share price might be too optimistic.

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 various global regions, with a market cap of CA$10.44 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: 14.1%

Colliers International Group shows potential with expected annual earnings growth of 20.8%, surpassing the Canadian market average. Despite recent insider selling, the company reported strong financial performance, turning a net loss into a US$36.72 million profit in Q2 2024 and improving revenue to US$1.14 billion. However, debt coverage by operating cash flow remains an area for improvement. The recent Englobe acquisition is projected to enhance revenue growth prospects for 2024.

• Click here and access our complete growth analysis report to understand the dynamics of Colliers International Group.
• Our comprehensive valuation report raises the possibility that Colliers International Group is priced higher than what may be justified by its financials.

Artemis Gold (TSXV:ARTG)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Artemis Gold Inc. is a gold development company that specializes in identifying, acquiring, and developing gold properties, with a market cap of CA$3.22 billion.

Operations: The company does not currently report any revenue segments.

Insider Ownership: 29.9%

Artemis Gold is poised for significant growth, with revenue expected to increase by 45.9% annually, outpacing the broader Canadian market. Despite past shareholder dilution and a low cash runway, the company is on track to become profitable within three years. The Blackwater Mine project is over 95% complete and fully funded, aiming for its first gold pour in late Q4 2024. Recent construction delays due to wildfires were mitigated by schedule acceleration initiatives.

• Get an in-depth perspective on Artemis Gold's performance by reading our analyst estimates report here.
• According our valuation report, there's an indication that Artemis Gold's share price might be on the cheaper side.

Next Steps

• Access the full spectrum of 35 Fast Growing TSX Companies With High Insider Ownership by clicking on this link.
• Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes.
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Contemplating Other Strategies?

• 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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