TSX Growth Stocks With High Insider Ownership For October 2024

The Canadian market has experienced a robust performance, climbing 1.4% over the last week and up 28% over the past year, with earnings forecasted to grow by 16% annually. In this thriving environment, growth companies with high insider ownership can be particularly appealing as they often indicate strong 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%	17.1%
Alvopetro Energy (TSXV:ALV)	19.4%	76.5%
VersaBank (TSX:VBNK)	13.3%	30.4%
Aritzia (TSX:ATZ)	18.9%	59.7%
Aya Gold & Silver (TSX:AYA)	10.2%	71.4%
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.

Colliers International Group (TSX:CIGI)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Colliers International Group Inc. offers commercial real estate and investment management services to corporate and institutional clients across the Americas, Europe, the Middle East, Africa, and the Asia Pacific with a market cap of CA$10.53 billion.

Operations: The company's revenue segments include $2.59 billion from the Americas, $614.55 million from Asia Pacific, $496.42 million from Investment Management, and $734.93 million from Europe, the Middle East & Africa (EMEA).

Insider Ownership: 14.1%

Earnings Growth Forecast: 20.8% p.a.

Colliers International Group has demonstrated strong earnings growth, reporting a net income of US$36.72 million for Q2 2024 compared to a loss last year. Despite substantial insider selling recently and past shareholder dilution, its earnings are forecast to grow significantly at 20.8% annually, outpacing the Canadian market's average. However, revenue growth is projected at 11% per year, slower than ideal but above the national average of 7.2%.

• Click to explore a detailed breakdown of our findings in Colliers International Group's earnings growth report.
• Our valuation report unveils the possibility Colliers International Group's shares may be trading at a premium.

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$26.59 billion.

Operations: Revenue segments for Ivanhoe Mines Ltd. are not provided in the available text.

Insider Ownership: 12.3%

Earnings Growth Forecast: 69.8% p.a.

Ivanhoe Mines is poised for substantial growth, with forecasted revenue and earnings expected to rise significantly faster than the Canadian market. Despite past shareholder dilution, the company is trading below its estimated fair value and analysts anticipate a price increase of 24.3%. Recent operational achievements include record copper production at Kamoa-Kakula, though revised guidance indicates lower zinc output from Kipushi. The company's strategic expansion into Zambia could further enhance its growth trajectory.

• Delve into the full analysis future growth report here for a deeper understanding of Ivanhoe Mines.
• Upon reviewing our latest valuation report, Ivanhoe Mines' share price might be too optimistic.

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 as its focus is on the development and acquisition of gold properties.

Insider Ownership: 29.9%

Earnings Growth Forecast: 52.2% p.a.

Artemis Gold is positioned for growth, with revenue forecasted to increase at 45.9% annually, surpassing the Canadian market average. The company is trading significantly below its estimated fair value and aims to become profitable within three years. Despite past shareholder dilution and recent wildfire-related construction delays at Blackwater Mine, the project remains on track for its first gold pour by late Q4 2024, supported by completed infrastructure and strategic cost management efforts.

• Click here to discover the nuances of Artemis Gold with our detailed analytical future growth report.
• Our comprehensive valuation report raises the possibility that Artemis Gold is priced higher than what may be justified by its financials.

Next Steps

• Unlock our comprehensive list of 34 Fast Growing TSX Companies With High Insider Ownership by clicking here.
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Interested In Other Possibilities?

• 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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