Top TSX Growth Stocks With High Insider Ownership October 2024

In the last week, the Canadian market has stayed flat, but it is up 23% over the past year with earnings forecasted to grow by 15% annually. In this environment, growth companies with high insider ownership can be particularly appealing as they often signal strong confidence from those most familiar with the business.

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.

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, along with its subsidiaries, is involved 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 $142.03 million from the Agbaou Mine, $193.93 million from the Bonikro Mine, and $391.07 million from the Sadiola Mine.

Insider Ownership: 17.7%

Allied Gold Corporation, with substantial insider ownership, is positioned for growth through its ambitious Sadiola Gold Mine expansion and strong revenue forecasts. The company plans a CAD 192.2 million equity offering to support these initiatives. Despite past shareholder dilution, Allied Gold's forecasted revenue growth of 21.8% annually surpasses the Canadian market average, and earnings are expected to grow significantly at 75.15% per year as it becomes profitable within three years.

• Dive into the specifics of Allied Gold here with our thorough growth forecast report.
• In light of our recent valuation report, it seems possible that Allied Gold is trading behind 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 primarily in Africa, with a market capitalization of approximately CA$27.72 billion.

Operations: Ivanhoe Mines Ltd. generates its revenue from the mining, development, and exploration of minerals and precious metals mainly in Africa.

Insider Ownership: 12.3%

Ivanhoe Mines, with significant insider ownership, is poised for growth driven by its Kamoa-Kakula Copper Complex expansion and exploration initiatives in Zambia. Despite past shareholder dilution, Ivanhoe's revenue is forecast to grow 84.3% annually, outpacing the Canadian market. Recent production guidance revisions indicate challenges at Kipushi but strong performance at Kamoa-Kakula. Earnings are expected to grow significantly at 67.7% per year, although return on equity remains modestly forecasted at 17.6%.

• Delve into the full analysis future growth report here for a deeper understanding of Ivanhoe Mines.
• In light of our recent valuation report, it seems possible that Ivanhoe Mines is trading beyond its estimated value.

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, offering innovative financial solutions.

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

Insider Ownership: 40%

Propel Holdings, with substantial insider ownership, is experiencing robust growth. Recent earnings results show a considerable increase in sales and net income compared to the previous year. Propel's revenue is forecasted to grow at 28.8% annually, surpassing the Canadian market average. The company recently completed a CAD 100.1 million follow-on equity offering, supporting its expansion plans. However, interest payments are not well covered by earnings, indicating potential financial pressure despite expected profit growth of 38.3% annually.

• Take a closer look at Propel Holdings' potential here in our earnings growth report.
• Our valuation report unveils the possibility Propel Holdings' shares may be trading at a premium.

Seize The Opportunity

• Click this link to deep-dive into the 37 companies within our Fast Growing TSX Companies With High Insider Ownership screener.
• Already own these companies? Link your portfolio to Simply Wall St and get alerts on any new warning signs to your stocks.
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Ready For A Different Approach?

• 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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