3 TSX Growth Stocks With Strong Insider Ownership

The Canadian market has experienced a positive trajectory, climbing 1.0% over the last week and 27% in the past year, with earnings forecasted to grow by 16% annually. In this robust environment, identifying growth stocks with strong insider ownership can be particularly appealing as it often signals confidence from those closest to the company's operations and strategy.

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%	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)	18.3%	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 34 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, with a market cap of CA$1.17 billion, explores for and produces mineral deposits in Africa through its subsidiaries.

Operations: The company generates revenue from its operations in Africa through three primary segments: Agbaou Mine ($142.03 million), Bonikro Mine ($193.93 million), and Sadiola Mine ($391.07 million).

Insider Ownership: 18.3%

Allied Gold demonstrates significant growth potential with revenue expected to increase by 21.5% annually, outpacing the Canadian market. Recent insider buying indicates confidence in the company's prospects, supported by its strategic Sadiola Gold Mine expansion. Despite past shareholder dilution, Allied Gold's stock is trading at a substantial discount to its estimated fair value and analysts anticipate a notable price rise. The recent CAD 192.2 million equity offering could further bolster growth initiatives.

• Click here and access our complete growth analysis report to understand the dynamics of Allied Gold.
• 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 mainly in Africa, with a market cap of CA$26.59 billion.

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

Insider Ownership: 12.3%

Ivanhoe Mines shows strong growth potential with its revenue expected to grow at 86.7% annually, significantly outpacing the Canadian market. Despite past shareholder dilution and a low forecasted return on equity, analysts project earnings growth of 69.8% per year. The company recently reported record copper production from its Kamoa-Kakula complex and signed an MOU for exploration in Zambia, indicating strategic expansion efforts supported by high insider ownership confidence.

• Click here to discover the nuances of Ivanhoe Mines with our detailed analytical future growth report.
• Our valuation report here indicates Ivanhoe Mines may be overvalued.

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$3.34 billion.

Operations: Artemis Gold Inc. does not currently report any revenue segments.

Insider Ownership: 29.9%

Artemis Gold is poised for significant growth, with revenue forecasted to increase by 45.9% annually, surpassing the Canadian market average. The company is on track to become profitable within three years despite past shareholder dilution and a low projected return on equity of 12.9%. Construction at the Blackwater Mine is over 95% complete, targeting first gold pour in late Q4 2024, although recent wildfires caused temporary delays impacting cash flow timing.

• Delve into the full analysis future growth report here for a deeper understanding of Artemis Gold.
• According our valuation report, there's an indication that Artemis Gold's share price might be on the expensive side.

Key Takeaways

• Explore the 34 names from our Fast Growing TSX Companies With High Insider Ownership screener here.
• Have a stake in these businesses? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports.
• Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets.

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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