TSX Growth Leaders With A Minimum Of 10% Insider Ownership

The Canadian market has shown robust growth, climbing by 2.8% over the past week and achieving a 12% increase over the past year, with earnings projected to grow by 15% annually. In such a thriving environment, stocks like those of growth companies with high insider ownership can be particularly compelling, as this alignment of interests between insiders and shareholders often signals strong future prospects.

Top 10 Growth Companies With High Insider Ownership In Canada

Name	Insider Ownership	Earnings Growth
Vox Royalty (TSX:VOXR)	12.6%	55.0%
goeasy (TSX:GSY)	21.5%	15.5%
Payfare (TSX:PAY)	14.8%	38.6%
Allied Gold (TSX:AAUC)	22.5%	68.4%
Ivanhoe Mines (TSX:IVN)	12.4%	67.3%
Artemis Gold (TSXV:ARTG)	31.4%	45.6%
Aya Gold & Silver (TSX:AYA)	10.3%	51.6%
Magna Mining (TSXV:NICU)	10.6%	95.1%
Silver X Mining (TSXV:AGX)	14.1%	144.2%
Almonty Industries (TSX:AII)	12.3%	105%

Click here to see the full list of 28 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

Below we spotlight a couple of our favorites from our exclusive screener.

Aya Gold & Silver (TSX:AYA)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Aya Gold & Silver Inc. is a company involved in the exploration, evaluation, and development of precious metals projects in Morocco, with a market capitalization of approximately CA$2.07 billion.

Operations: The company generates revenue primarily from its Zgounder Silver Mine in Morocco, totaling CA$37.48 million.

Insider Ownership: 10.3%

Aya Gold & Silver, a growth-oriented company with significant insider ownership, recently marked key advancements at its Zgounder Silver Mine in Morocco. The inaugural silver pour and high-grade drilling results underscore operational progress and resource potential. However, despite these developments, the company reported a decline in Q1 2024 revenues to US$5.08 million from US$10.44 million year-over-year and shifted from a net profit to a loss of US$2.54 million. These financials reflect challenges despite positive operational milestones and substantial insider transactions hinting at internal confidence in long-term prospects.

• Get an in-depth perspective on Aya Gold & Silver's performance by reading our analyst estimates report here.
• Our expertly prepared valuation report Aya Gold & Silver implies its share price may be too high.

Colliers International Group (TSX:CIGI)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Colliers International Group Inc. is a global commercial real estate and investment management services provider, operating across the Americas, Europe, the Middle East, Africa, and Asia Pacific with a market cap of approximately CA$8.46 billion.

Operations: Colliers International Group Inc. generates revenue through its operations in the Americas (CA$2.53 billion), Europe, the Middle East & Africa (CA$730.10 million), Asia Pacific (CA$616.58 million), and Investment Management services (CA$489.23 million).

Insider Ownership: 14.2%

Colliers International Group has recently expanded its European footprint by partnering with SPGI Zurich AG, enhancing its EMEA platform. Despite not having substantial insider buying in the past three months, Colliers is actively growing, as evidenced by a significant increase in earnings and expected continuous growth above market forecasts. However, challenges include a share dilution over the past year and debt levels that are not well covered by operating cash flow. These factors suggest mixed financial health amid aggressive expansion strategies.

• Delve into the full analysis future growth report here for a deeper understanding of Colliers International Group.
• Our comprehensive valuation report raises the possibility that Colliers International Group is priced lower than what may be justified by its financials.

Ivanhoe Mines (TSX:IVN)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Ivanhoe Mines Ltd. specializes in the mining, development, and exploration of minerals and precious metals primarily in Africa, with a market capitalization of approximately CA$26.68 billion.

Operations: The company primarily focuses on the extraction and processing of minerals and precious metals in Africa.

Insider Ownership: 12.4%

Ivanhoe Mines, a Canadian mining company, is poised for significant growth with an expected earnings increase of 67.3% per year and revenue growth of 82.4% annually, outpacing the market. Despite recent insider selling, the company has shown robust financial strategies by completing the Phase 3 concentrator at Kamoa-Kakula ahead of schedule, enhancing production capabilities significantly. However, shareholder dilution over the past year and low forecasted Return on Equity raise concerns about future shareholder value amidst aggressive expansion.

• Click to explore a detailed breakdown of our findings in Ivanhoe Mines' earnings growth report.
• The analysis detailed in our Ivanhoe Mines valuation report hints at an inflated share price compared to its estimated value.

Turning Ideas Into Actions

• Take a closer look at our Fast Growing TSX Companies With High Insider Ownership list of 28 companies by clicking here.
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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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