3 TSX Growth Stocks With High Insider Ownership

As the Canadian TSX navigates a volatile start to the fourth quarter, bolstered by strong fundamentals and easing inflation, investors are keeping a close eye on growth opportunities amidst geopolitical and economic uncertainties. In this environment, stocks with high insider ownership can be particularly appealing as they often signal confidence from those who know the company best, making them worth considering for those interested in potential growth stories.

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%
Amerigo Resources (TSX:ARG)	12%	36.8%
Aritzia (TSX:ATZ)	18.9%	60.4%
Propel Holdings (TSX:PRL)	40%	38.3%
Allied Gold (TSX:AAUC)	17.7%	75.2%
Medicenna Therapeutics (TSX:MDNA)	15.4%	57.2%
Alpha Cognition (CNSX:ACOG)	17%	69.5%

Click here to see the full list of 37 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

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

Allied Gold (TSX:AAUC)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Allied Gold Corporation, along with its subsidiaries, is engaged in the exploration and production of mineral deposits in Africa and has a market cap of CA$1.01 billion.

Operations: The company's revenue segments include the Agbaou Mine generating $142.03 million, the Bonikro Mine contributing $193.93 million, and the Sadiola Mine accounting for $391.07 million.

Insider Ownership: 17.7%

Allied Gold demonstrates promising growth potential with a forecasted revenue increase of 21.8% annually, surpassing the Canadian market's average. Despite past shareholder dilution, the company is expected to achieve profitability within three years, indicating above-average market growth. Recent developments include a CAD 192.2 million equity offering and Sadiola Gold Mine expansion, enhancing production capabilities significantly. However, Allied Gold has less than one year of cash runway and no recent substantial insider trading activity reported.

• Navigate through the intricacies of Allied Gold with our comprehensive analyst estimates report here.
• The analysis detailed in our Allied Gold valuation report hints at an deflated share price compared to its estimated value.

Ivanhoe Mines (TSX:IVN)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Ivanhoe Mines Ltd. is involved in the mining, development, and exploration of minerals and precious metals mainly in Africa, with a market capitalization of CA$27.72 billion.

Operations: Ivanhoe Mines Ltd. focuses on mining, developing, and exploring minerals and precious metals predominantly in Africa.

Insider Ownership: 12.3%

Ivanhoe Mines is poised for significant growth, with forecasted annual revenue and earnings increases of 84.3% and 67.7%, respectively, outpacing the Canadian market averages. The recent MOU with Zambia's Ministry of Mines highlights strategic expansion plans in Africa. Despite past shareholder dilution, Ivanhoe remains undervalued by 12.7% compared to its estimated fair value. The Kamoa-Kakula Copper Complex's production records further underscore Ivanhoe's robust operational capabilities amidst a stable fiscal environment in Zambia.

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

Propel Holdings (TSX:PRL)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Propel Holdings Inc. is a financial technology company with a market cap of CA$1.09 billion.

Operations: The company generates revenue of $382.44 million from providing lending-related services to borrowers, banks, and other institutions.

Insider Ownership: 40%

Propel Holdings demonstrates strong growth potential, with revenue and earnings forecasted to grow significantly faster than the Canadian market at 28.8% and 38.3% annually, respectively. Despite limited insider trading data recently, Propel's financial position is bolstered by a CAD 100.1 million equity offering completed in October 2024 and an upsized $330 million credit facility supporting its CreditFresh line. However, interest payments are not well covered by current earnings levels.

• Get an in-depth perspective on Propel Holdings' performance by reading our analyst estimates report here.
• Upon reviewing our latest valuation report, Propel Holdings' share price might be too optimistic.

Seize The Opportunity

• Click here to access our complete index of 37 Fast Growing TSX Companies With High Insider Ownership.
• Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments.
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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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