September 2024's Top TSX Growth Stocks With High Insider Ownership

The market has been flat over the last week, but over the past 12 months, it has risen by 21%, with earnings expected to grow by 15% per annum over the next few years. In this context, identifying growth companies with high insider ownership can be crucial for investors seeking to capitalize on strong performance and aligned interests.

Top 10 Growth Companies With High Insider Ownership In Canada

Name	Insider Ownership	Earnings Growth
Vox Royalty (TSX:VOXR)	12.3%	70.7%
Allied Gold (TSX:AAUC)	21.9%	73.5%
Almonty Industries (TSX:AII)	17.7%	117.6%
goeasy (TSX:GSY)	21.2%	17.1%
Alvopetro Energy (TSXV:ALV)	19.4%	72.4%
Amerigo Resources (TSX:ARG)	12%	36.8%
Propel Holdings (TSX:PRL)	40%	37.2%
Aritzia (TSX:ATZ)	18.9%	60.4%
Medicenna Therapeutics (TSX:MDNA)	15.4%	57.2%
Alpha Cognition (CNSX:ACOG)	17%	69.5%

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

Let's dive into some prime choices out of the screener.

Aya Gold & Silver (TSX:AYA)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Aya Gold & Silver Inc., with a market cap of CA$2.38 billion, is involved in the exploration, evaluation, and development of precious metals projects in Morocco.

Operations: Aya Gold & Silver generates its revenue primarily from the production at the Zgounder Silver Mine in Morocco, amounting to $41.54 million.

Insider Ownership: 10.2%

Earnings Growth Forecast: 71.4% p.a.

Aya Gold & Silver exhibits strong growth potential with high insider ownership. Recent exploration at Boumadine and Zgounder mines in Morocco revealed significant high-grade silver results, extending mineralized zones. The company is expanding its Zgounder Silver Mine, which is 98% complete but facing minor delays. Aya plans to spin out the Amizmiz Gold Project into a new entity, Mx2 Mining, maintaining majority ownership. Earnings have surged significantly over the past year and are forecasted to continue growing rapidly.

• Navigate through the intricacies of Aya Gold & Silver with our comprehensive analyst estimates report here.
• Our valuation report unveils the possibility Aya Gold & Silver's shares may be trading at a premium.

Ivanhoe Mines (TSX:IVN)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Ivanhoe Mines Ltd. engages in the mining, development, and exploration of minerals and precious metals primarily in Africa and has a market cap of CA$27.77 billion.

Operations: Ivanhoe Mines generates revenue through the mining, development, and exploration of minerals and precious metals, primarily in Africa.

Insider Ownership: 12.3%

Earnings Growth Forecast: 68.3% p.a.

Ivanhoe Mines shows strong growth potential with high insider ownership. Earnings are forecast to grow 68.27% annually, significantly outpacing the Canadian market. Recent developments include a memorandum of understanding with Zambia's Ministry of Mines to commence exploration activities and record production levels at the Kamoa-Kakula Copper Complex in the DRC, where Phase 3 concentrator ramp-up is progressing well. However, shareholders have faced dilution over the past year and return on equity is projected to be modest at 17.5%.

• Click here to discover the nuances of Ivanhoe Mines with our detailed analytical future growth report.
• Our expertly prepared valuation report Ivanhoe Mines implies its share price may be too high.

Stingray Group (TSX:RAY.A)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Stingray Group Inc. is a global music, media, and technology company with a market cap of CA$494.25 million.

Operations: Stingray Group generates revenue from two primary segments: CA$154.41 million from Radio and CA$201.10 million from Broadcasting and Commercial Music.

Insider Ownership: 25.7%

Earnings Growth Forecast: 69.2% p.a.

Stingray Group exhibits growth potential with high insider ownership. Recent initiatives include a share repurchase program for up to 3.54 million shares and the launch of new TV channels on Amazon Fire TV, enhancing its streaming portfolio. Additionally, Stingray Karaoke is now available in Ford and NIO vehicles, expanding its market presence. Despite slower revenue growth forecasts (4.9% annually) compared to the Canadian market, earnings are expected to grow 69.22% per year, indicating strong profitability prospects ahead.

• Click here and access our complete growth analysis report to understand the dynamics of Stingray Group.
• Insights from our recent valuation report point to the potential undervaluation of Stingray Group shares in the market.

Where To Now?

• Investigate our full lineup of 36 Fast Growing TSX Companies With High Insider Ownership right here.
• 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.
• Streamline your investment strategy with Simply Wall St's app for free and benefit from extensive research on stocks across all corners of the world.

Looking For Alternative Opportunities?

• 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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