3 TSX Growth Stocks With High Insider Ownership Expecting 24% Revenue Growth

The Canadian market has experienced some recent volatility, with the TSX index pulling back amid political uncertainty and shifts in government leadership, yet it remains buoyed by a strong economy and easing inflation. In this environment, growth companies with high insider ownership can be particularly appealing as they often indicate confidence from those who know the business best and are positioned to capitalize on positive economic conditions.

Top 10 Growth Companies With High Insider Ownership In Canada

Name	Insider Ownership	Earnings Growth
Propel Holdings (TSX:PRL)	23.9%	37.6%
Robex Resources (TSXV:RBX)	28.2%	130.7%
Allied Gold (TSX:AAUC)	22.8%	84.9%
Artemis Gold (TSXV:ARTG)	30%	60.7%
Almonty Industries (TSX:AII)	17.7%	60.7%
Enterprise Group (TSX:E)	39.8%	56.3%
Aritzia (TSX:ATZ)	16.1%	59.7%
Colliers International Group (TSX:CIGI)	14.1%	23.5%
Profound Medical (TSX:PRN)	10.2%	58.9%
CHAR Technologies (TSXV:YES)	10.7%	58.3%

Click here to see the full list of 38 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

Let's review some notable picks from our screened stocks.

goeasy (TSX:GSY)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: goeasy Ltd. operates in Canada, offering non-prime leasing and lending services through its easyhome, easyfinancial, and LendCare brands, with a market cap of CA$2.74 billion.

Operations: The company's revenue is derived from its Easyhome segment, contributing CA$153.68 million, and its Easyfinancial segment, generating CA$1.30 billion.

Insider Ownership: 21.3%

Revenue Growth Forecast: 24.1% p.a.

goeasy Ltd. demonstrates strong growth potential with high insider ownership, despite recent substantial insider selling. The company reported impressive earnings growth of 40.6% over the past year and is expected to see revenue increase by 24.1% annually, outpacing the Canadian market average. A share buyback program has been initiated, indicating confidence in future prospects. However, debt coverage remains a concern as it is not well-supported by operating cash flow, and dividends are not fully covered by free cash flows.

• Take a closer look at goeasy's potential here in our earnings 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. is involved in the mining, development, and exploration of minerals and precious metals mainly in Africa, with a market cap of CA$23.16 billion.

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

Insider Ownership: 12.5%

Revenue Growth Forecast: 54% p.a.

Ivanhoe Mines, with significant insider ownership, is poised for robust growth, driven by its Kamoa-Kakula Copper Complex in the DRC. Recent milestones include record monthly copper production of 45,019 tonnes and successful ramp-up of Phase 3 concentrator operations. Despite past shareholder dilution, the company forecasts revenue growth significantly above market averages at 54% annually. Analysts predict a stock price increase of 42.7%, reflecting strong confidence in Ivanhoe's expansion capabilities and operational achievements.

• Click here to discover the nuances of Ivanhoe Mines with our detailed analytical future growth report.
• In light of our recent valuation report, it seems possible that Ivanhoe Mines is trading beyond its estimated value.

Artemis Gold (TSXV:ARTG)

Simply Wall St Growth Rating: ★★★★★★

Overview: Artemis Gold Inc. is a gold development company that specializes in identifying, acquiring, and developing gold properties, with a market cap of CA$3.18 billion.

Operations: Artemis Gold's revenue segments are currently not specified in monetary terms.

Insider Ownership: 30%

Revenue Growth Forecast: 47.2% p.a.

Artemis Gold, with significant insider ownership, is advancing its Blackwater Mine towards production. The company forecasts rapid revenue growth of 47.2% annually, outpacing the Canadian market. Recent developments include substantial progress on mine construction and commissioning, with first gold pour expected by year-end 2024. Despite a current net loss and past shareholder dilution, insiders have been actively buying shares recently, indicating confidence in Artemis's growth trajectory and future profitability.

• Unlock comprehensive insights into our analysis of Artemis Gold stock in this growth report.
• Our valuation report unveils the possibility Artemis Gold's shares may be trading at a discount.

Make It Happen

• Access the full spectrum of 38 Fast Growing TSX Companies With High Insider Ownership by clicking on this link.
• Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly.
• Discover a world of investment opportunities with Simply Wall St's free app and access unparalleled stock analysis across all markets.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com