3 TSX Growth Stocks With High Insider Ownership

The Canadian market has shown robust performance, climbing 1.2% in the last week and up 28% over the past year, with earnings projected to grow by 16% annually in the coming years. In this thriving environment, identifying growth companies with high insider ownership can be an effective strategy as it often signals confidence from those who know the business best.

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%	16.7%
Alvopetro Energy (TSXV:ALV)	19.4%	76.5%
VersaBank (TSX:VBNK)	13.3%	30.4%
Aya Gold & Silver (TSX:AYA)	10.2%	71.4%
Aritzia (TSX:ATZ)	18.9%	59.7%
Allied Gold (TSX:AAUC)	17.8%	73%
Ivanhoe Mines (TSX:IVN)	12.3%	69.8%
Medicenna Therapeutics (TSX:MDNA)	15.3%	57.2%

Click here to see the full list of 33 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

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

Allied Gold (TSX:AAUC)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Allied Gold Corporation, along with its subsidiaries, engages in the exploration and production of mineral deposits in Africa, with a market cap of CA$1.22 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: 17.8%

Earnings Growth Forecast: 73% p.a.

Allied Gold demonstrates potential as a growth company with significant insider ownership, highlighted by substantial insider buying over the past three months. The company's revenue is forecast to grow at 21.5% annually, outpacing the Canadian market's average of 7.2%. Recent developments include a CAD 192.2 million follow-on equity offering and an ambitious expansion project at Sadiola Gold Mine, which could enhance production capacity significantly in the coming years while maintaining strategic operational sustainability goals.

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

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 cap of CA$26.19 billion.

Operations: Ivanhoe Mines Ltd. generates revenue through its mining, development, and exploration activities focused on minerals and precious metals primarily in Africa.

Insider Ownership: 12.3%

Earnings Growth Forecast: 69.8% p.a.

Ivanhoe Mines shows promise as a growth-focused entity, with high insider ownership supporting strategic initiatives. Despite past shareholder dilution, the company is trading below its estimated fair value and forecasts indicate significant revenue growth of 86.7% annually, outpacing the Canadian market average. Recent production guidance adjustments for key projects like Kamoa-Kakula and Kipushi reflect operational recalibrations amidst ambitious expansion efforts in Zambia, potentially bolstering long-term growth prospects.

• Click here and access our complete growth analysis report to understand the dynamics of Ivanhoe Mines.
• According our valuation report, there's an indication that Ivanhoe Mines' share price might be on the expensive side.

Artemis Gold (TSXV:ARTG)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Artemis Gold Inc. is a gold development company dedicated to identifying, acquiring, and developing gold properties, with a market cap of CA$3.33 billion.

Operations: Artemis Gold Inc. does not currently report any revenue segments in its financial statements.

Insider Ownership: 29.9%

Earnings Growth Forecast: 52.2% p.a.

Artemis Gold is advancing its Blackwater Mine, with construction over 95% complete and first gold pour expected late 2024. Despite past shareholder dilution and low current revenue, the company forecasts substantial revenue growth of 45.9% annually, surpassing market averages. Insider ownership aligns management interests with shareholders, although recent earnings show increased losses due to wildfire-related delays and cost overruns. The project remains fully funded, aiming for profitability within three years.

• Take a closer look at Artemis Gold's potential here in our earnings growth report.
• Our valuation report here indicates Artemis Gold may be overvalued.

Taking Advantage

• Gain an insight into the universe of 33 Fast Growing TSX Companies With High Insider Ownership by clicking here.
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Seeking Other Investments?

• 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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