TSX Growth Stocks With High Insider Ownership To Watch

As the Canadian economy faces a contraction in GDP and potential easing by the Bank of Canada, investors are keeping a close eye on growth stocks with strong insider ownership. In this environment, companies where insiders hold significant stakes may signal confidence in their business prospects, making them noteworthy for those seeking opportunities amid shifting market conditions.

Top 10 Growth Companies With High Insider Ownership In Canada

Name	Insider Ownership	Earnings Growth
Zedcor (TSXV:ZDC)	21.1%	87.6%
Robex Resources (TSXV:RBX)	24.3%	99.6%
Propel Holdings (TSX:PRL)	36.7%	31.8%
NTG Clarity Networks (TSXV:NCI)	39.9%	29.9%
First National Financial (TSX:FN)	32.6%	22.1%
Enterprise Group (TSX:E)	32.1%	30.4%
Discovery Silver (TSX:DSV)	13.4%	57.8%
Colliers International Group (TSX:CIGI)	14.0%	27.2%
CEMATRIX (TSX:CEMX)	10.5%	76.6%
Aritzia (TSX:ATZ)	17.2%	29.6%

Click here to see the full list of 43 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

Here's a peek at a few of the choices 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 cap of CA$2.22 billion.

Operations: The company's revenue is derived from its operations at the Agbaou Mine ($213.19 million), Bonikro Mine ($247.48 million), and Sadiola Mine ($497.42 million).

Insider Ownership: 16%

Return On Equity Forecast: N/A (2028 estimate)

Allied Gold demonstrates significant insider confidence with substantial insider buying and no major selling over the past three months. The company is trading at a good value relative to peers, at 91.1% below estimated fair value. Despite recent financial losses, Allied Gold's revenue is projected to grow annually by 23.8%, outpacing the Canadian market's growth rate of 4%. Production guidance for late 2025 suggests potential operational stability amidst these growth prospects.

• Dive into the specifics of Allied Gold here with our thorough growth forecast report.
• Our comprehensive valuation report raises the possibility that Allied Gold is priced lower than what may be justified by its financials.

Colliers International Group (TSX:CIGI)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Colliers International Group Inc. is a global provider of commercial real estate services to corporate and institutional clients across various regions, with a market cap of CA$11.53 billion.

Operations: The company's revenue segments include Engineering at $1.55 billion, Real Estate Services at $3.10 billion, and Investment Management at $516.36 million.

Insider Ownership: 14.0%

Return On Equity Forecast: 26% (2028 estimate)

Colliers International Group shows potential for growth, with earnings projected to rise significantly at 27.2% annually, surpassing the Canadian market's average. Despite recent financial setbacks, including a drop in net income and profit margins, insider ownership remains strong as leadership changes aim to bolster strategic growth and transformation. The company has raised its revenue guidance for 2025 due to acquisitions and business expansions, indicating confidence in its future performance amidst evolving market conditions.

• Click here and access our complete growth analysis report to understand the dynamics of Colliers International Group.
• Our valuation report here indicates Colliers International Group may be overvalued.

Propel Holdings (TSX:PRL)

Simply Wall St Growth Rating: ★★★★★★

Overview: Propel Holdings Inc., along with its subsidiaries, operates as a financial technology company and has a market cap of CA$1.26 billion.

Operations: Propel Holdings generates revenue of $528.37 million from providing lending-related services to borrowers, banks, and other institutions.

Insider Ownership: 36.7%

Return On Equity Forecast: 36% (2028 estimate)

Propel Holdings demonstrates growth potential with earnings forecasted to grow 31.8% annually, outpacing the Canadian market. Recent quarterly results show revenue of US$142.95 million and net income of US$15.08 million, reflecting strong year-over-year growth. Despite no substantial insider buying recently, insiders have not sold significantly either, suggesting confidence in long-term prospects. However, dividend sustainability is a concern as it's not well covered by free cash flows despite an 8% increase in payouts.

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

Make It Happen

• Investigate our full lineup of 43 Fast Growing TSX Companies With High Insider Ownership right here.
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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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