Allied Gold Leads Three TSX Growth Companies With High Insider Ownership

As the Canadian market navigates through a period of fluctuating interest rates and shifting economic indicators, investors are closely monitoring how different sectors respond to these changes. In this context, companies like Allied Gold, which boast high insider ownership, can be particularly compelling as they often reflect a strong alignment between management's interests and those of shareholders, potentially offering stability amidst market volatility.

Top 10 Growth Companies With High Insider Ownership In Canada

Name	Insider Ownership	Earnings Growth
Vox Royalty (TSX:VOXR)	12.6%	55.0%
goeasy (TSX:GSY)	21.5%	15.5%
Payfare (TSX:PAY)	14.8%	38.6%
Allied Gold (TSX:AAUC)	22.5%	68.4%
Ivanhoe Mines (TSX:IVN)	12.4%	67.2%
Aya Gold & Silver (TSX:AYA)	10.3%	68.5%
Alpha Cognition (CNSX:ACOG)	18%	66.5%
Artemis Gold (TSXV:ARTG)	31.4%	45.6%
Magna Mining (TSXV:NICU)	10.6%	95.1%
Silver X Mining (TSXV:AGX)	14.1%	144.2%

Click here to see the full list of 29 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

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

Allied Gold (TSX:AAUC)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Allied Gold Corporation, along with its subsidiaries, is engaged in the exploration and production of mineral deposits in Africa, with a market capitalization of approximately CA$809.84 million.

Operations: The company generates revenues from three primary mines: Agbaou Mine at CA$141.39 million, Bonikro Mine at CA$192.71 million, and Sadiola Mine at CA$342.34 million.

Insider Ownership: 22.5%

Return On Equity Forecast: 27% (2027 estimate)

Allied Gold, with high insider ownership, shows promising growth prospects despite trading at 89.4% below its estimated fair value. The company is on a positive trajectory with expected revenue growth of 17.8% annually, outpacing the Canadian market forecast of 7.3%. Recent exploration updates from the Kurmuk Project underscore significant potential for extending mine life and enhancing resource estimates, supporting strategic goals to expand mineral reserves significantly. Moreover, analysts anticipate a substantial price increase of 155.8%, reflecting confidence in future profitability and operational advancements.

• Take a closer look at Allied Gold's potential here in our earnings growth report.
• In light of our recent valuation report, it seems possible that Allied Gold is trading behind its estimated value.

Colliers International Group (TSX:CIGI)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Colliers International Group Inc. operates globally, offering commercial real estate professional and investment management services, with a market capitalization of CA$9.10 billion.

Operations: Colliers International Group's revenue is primarily generated from the Americas at CA$2.53 billion, followed by Europe, the Middle East & Africa at CA$730.10 million, Asia Pacific at CA$616.58 million, and Investment Management services contributing CA$489.23 million.

Insider Ownership: 14.2%

Return On Equity Forecast: N/A (2027 estimate)

Colliers International Group is poised for robust growth with earnings expected to increase by 38.3% annually, outstripping the Canadian market's 14.8%. Despite shareholder dilution last year, insider activities have been balanced with more purchases than sales in recent months. However, debt concerns persist as it's poorly covered by operating cash flow. Strategically, Colliers is expanding in Europe through a new partnership with SPGI Zurich AG, enhancing its EMEA platform and broadening its real estate services spectrum.

• Delve into the full analysis future growth report here for a deeper understanding of Colliers International Group.
• Insights from our recent valuation report point to the potential overvaluation of Colliers International Group shares in the market.

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 capitalization of approximately CA$3.23 billion.

Operations: The company generates revenue through its easyhome and easyfinancial segments, which respectively brought in CA$154 million and CA$1.17 billion.

Insider Ownership: 21.5%

Return On Equity Forecast: 24% (2027 estimate)

goeasy Ltd., a Canadian company with substantial insider ownership, recently increased its debt financing to CAD 275.8 million through senior unsecured notes, aiming to bolster its financial flexibility for future growth and debt repayment. While the company's revenue is projected to grow at 32.6% annually, outpacing the broader Canadian market, concerns about the sustainability of its dividend and debt coverage by operating cash flow persist. Additionally, significant insider selling over the past three months could raise caution among investors looking for stable insider confidence.

• Get an in-depth perspective on goeasy's performance by reading our analyst estimates report here.
• According our valuation report, there's an indication that goeasy's share price might be on the cheaper side.

Taking Advantage

• Click here to access our complete index of 29 Fast Growing TSX Companies With High Insider Ownership.
• Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks.
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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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