Top TSX Growth Companies With High Insider Ownership In November 2024

As the Canadian market maintains strong momentum into 2025, investors are optimistic about solid fundamentals supporting continued growth, though they remain cautious of potential curveballs like elevated valuations and economic uncertainties. In this environment, identifying growth companies with high insider ownership can be particularly appealing as insiders' substantial stakes often indicate confidence in the company's prospects and alignment with shareholder interests.

Top 10 Growth Companies With High Insider Ownership In Canada

Name	Insider Ownership	Earnings Growth
Allied Gold (TSX:AAUC)	17.7%	85.2%
Almonty Industries (TSX:AII)	17.7%	128.3%
Vox Royalty (TSX:VOXR)	11.8%	125.5%
Enterprise Group (TSX:E)	39.8%	49.7%
VersaBank (TSX:VBNK)	13.2%	30.4%
Aya Gold & Silver (TSX:AYA)	10.2%	95%
Aritzia (TSX:ATZ)	18.9%	59.7%
Ivanhoe Mines (TSX:IVN)	12.3%	43.2%
Artemis Gold (TSXV:ARTG)	30%	60.5%
CHAR Technologies (TSXV:YES)	10.7%	58.3%

Click here to see the full list of 36 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

We'll examine a selection from our screener results.

goeasy (TSX:GSY)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: goeasy Ltd. operates in Canada offering non-prime leasing and lending services through its brands easyhome, easyfinancial, and LendCare, with a market cap of CA$2.87 billion.

Operations: The company generates revenue through its segments, with Easyhome contributing CA$153.68 million and Easyfinancial accounting for CA$1.30 billion.

Insider Ownership: 21.3%

goeasy, a Canadian growth company with high insider ownership, shows robust revenue growth projections of 24.1% annually, outpacing the market. Recent earnings reports indicate strong financial performance with net income rising to C$209.29 million for the first nine months of 2024. Despite substantial debt financing activities, including a USD 400 million note offering, insiders have been net buyers recently. However, dividend sustainability remains a concern due to limited free cash flow coverage.

• Dive into the specifics of goeasy here with our thorough growth forecast 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 primarily in Africa, with a market cap of CA$25.49 billion.

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

Insider Ownership: 12.3%

Ivanhoe Mines, with significant insider ownership, is experiencing robust growth prospects. The company's Kamoa-Kakula Copper Complex in the DRC recently achieved record production levels, enhancing its growth narrative. Despite past shareholder dilution and no substantial recent insider buying, revenue and earnings are forecast to grow significantly faster than the Canadian market at 54.3% and 43.2% annually respectively. Current trading is below fair value estimates by analysts, indicating potential undervaluation opportunities.

• Click here and access our complete growth analysis report to understand the dynamics of Ivanhoe Mines.
• Our comprehensive valuation report raises the possibility that Ivanhoe Mines is priced higher than what may be justified by its financials.

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$3.33 billion.

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

Insider Ownership: 30%

Artemis Gold, with substantial insider ownership, is advancing its Blackwater Mine towards production. The project is fully funded, and first gold pour is anticipated by year-end 2024. Despite recent losses (CA$10.3 million in Q3), revenue growth is projected at 47.8% annually, outpacing the Canadian market significantly. Insiders have increased their holdings recently, suggesting confidence in future prospects despite past shareholder dilution and limited cash runway. The stock trades well below estimated fair value.

• Get an in-depth perspective on Artemis Gold's performance by reading our analyst estimates report here.
• Upon reviewing our latest valuation report, Artemis Gold's share price might be too pessimistic.

Next Steps

• Navigate through the entire inventory of 36 Fast Growing TSX Companies With High Insider Ownership here.
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Searching for a Fresh Perspective?

• 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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