TSX Growth Leaders With High Insider Ownership

Over the past year, the Canadian market has seen a notable increase of 8.3%, with earnings projected to grow by 15% annually. In this context, stocks with high insider ownership can be particularly compelling, as they often indicate that those who know the company best are confident in its future prospects.

Top 10 Growth Companies With High Insider Ownership In Canada

Name	Insider Ownership	Earnings Growth
Vox Royalty (TSX:VOXR)	12.3%	58.7%
Payfare (TSX:PAY)	15%	46.7%
goeasy (TSX:GSY)	21.5%	15.8%
Propel Holdings (TSX:PRL)	40%	36.4%
Allied Gold (TSX:AAUC)	22.5%	71.7%
Aya Gold & Silver (TSX:AYA)	10.3%	51.6%
Ivanhoe Mines (TSX:IVN)	12.6%	64.7%
Silver X Mining (TSXV:AGX)	14.2%	144.2%
Artemis Gold (TSXV:ARTG)	31.7%	48.8%
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.

Underneath we present a selection of stocks filtered out by our screen.

goeasy (TSX:GSY)

Simply Wall St Growth Rating: ★★★★★☆

Overview: goeasy Ltd., operating under the easyhome, easyfinancial, and LendCare brands, offers non-prime leasing and lending services to Canadian consumers with a market capitalization of approximately CA$3.31 billion.

Operations: The company generates revenue through its easyhome and easyfinancial segments, with CA$153.99 million from leasing services and CA$1.17 billion from lending services.

Insider Ownership: 21.5%

Earnings Growth Forecast: 15.8% p.a.

goeasy Ltd., a growth company with high insider ownership, has shown robust financial performance with a revenue increase to CA$357.11 million and net income rising to CA$58.94 million in Q1 2024. Despite substantial insider buying recently, the dividend coverage by cash flows remains a concern. The appointment of Patrick Ens as President of easyfinancial and easyhome brands is expected to strengthen leadership amidst aggressive revenue and earnings growth forecasts, outpacing the broader Canadian market.

• Unlock comprehensive insights into our analysis of goeasy stock in this growth report.
• Our expertly prepared valuation report goeasy implies its share price may be lower than expected.

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$23.25 billion.

Operations: The company primarily generates its revenue from the mining, development, and exploration of minerals and precious metals in Africa.

Insider Ownership: 12.6%

Earnings Growth Forecast: 64.7% p.a.

Ivanhoe Mines, a Canadian growth company with high insider ownership, is expected to see significant earnings growth of 64.7% annually, outpacing the broader market's 14.6%. Despite some shareholder dilution over the past year, Ivanhoe has not seen substantial insider selling in recent months. Recent achievements include the ahead-of-schedule completion of their Phase 3 concentrator at Kamoa-Kakula, which is set to substantially increase copper production and bolster financial performance amidst robust market forecasts.

• Click to explore a detailed breakdown of our findings in Ivanhoe Mines' earnings growth report.
• According our valuation report, there's an indication that Ivanhoe Mines' share price might be on the expensive side.

Propel Holdings (TSX:PRL)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Propel Holdings Inc. is a financial technology company with a market capitalization of approximately CA$841.08 million.

Operations: The company generates revenue primarily through providing lending-related services, totaling USD$347.37 million.

Insider Ownership: 40%

Earnings Growth Forecast: 36.4% p.a.

Propel Holdings, a Canadian growth company with high insider ownership, has shown promising financial performance with significant earnings growth of 36.44% per year expected. Despite a dividend that is not well-covered by cash flows and poor coverage of interest payments by earnings, the company's revenue is projected to grow at 22.7% annually, outpacing both its past performance and market averages. Recent events include a dividend increase and strong quarterly results highlighting robust sales and net income growth.

• Click here and access our complete growth analysis report to understand the dynamics of Propel Holdings.
• Our valuation report unveils the possibility Propel Holdings' shares may be trading at a premium.

Where To Now?

• Click through to start exploring the rest of the 25 Fast Growing TSX Companies With High Insider Ownership now.
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Want To Explore Some Alternatives?

• 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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