TSX Growth Companies With Up To 22% Insider Ownership

The Canadian market has experienced a slight decline of 2.1% over the past week, although it has seen a growth of 9.1% in the last year with earnings projected to grow by 15% annually. In such a landscape, stocks from growth companies with high insider ownership can be particularly compelling, as this often signals confidence in the company's future from those who know it best.

Top 10 Growth Companies With High Insider Ownership In Canada

Name	Insider Ownership	Earnings Growth
Vox Royalty (TSX:VOXR)	12.4%	58.7%
Payfare (TSX:PAY)	15%	46.7%
goeasy (TSX:GSY)	21.7%	15.8%
Propel Holdings (TSX:PRL)	40%	36.4%
Allied Gold (TSX:AAUC)	22.5%	68.2%
Aritzia (TSX:ATZ)	19%	51.2%
ROK Resources (TSXV:ROK)	16.6%	159.6%
Aya Gold & Silver (TSX:AYA)	10.2%	51.6%
Silver X Mining (TSXV:AGX)	14.2%	144.2%
Ivanhoe Mines (TSX:IVN)	13%	65.5%

Click here to see the full list of 31 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

We'll examine a selection from our screener results.

Allied Gold (TSX:AAUC)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Allied Gold Corporation, along with its subsidiaries, engages in the exploration and production of mineral deposits in Africa, with a market capitalization of approximately CA$752.17 million.

Operations: The company generates revenue 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%

Allied Gold, with substantial insider buying recently, is poised for significant growth. Its revenue is expected to outpace the Canadian market average, growing at 15.2% annually. The firm's strategic positive exploration results and reaffirmed production guidance underscore its operational momentum, aiming for increased gold output up to 600,000 oz by 2026 at reduced costs. Despite a net loss this quarter, earnings are projected to surge by 68.15% annually, reflecting robust future profitability and value compared to peers.

• Take a closer look at Allied Gold's potential here in our earnings growth report.
• Our expertly prepared valuation report Allied Gold implies its share price may be lower than expected.

Aritzia (TSX:ATZ)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Aritzia Inc. is a company that designs, develops, and sells women's apparel and accessories in the United States and Canada, with a market capitalization of approximately CA$4.40 billion.

Operations: The company generates CA$2.33 billion in revenue from its apparel and accessories segment.

Insider Ownership: 19%

Aritzia, a Canadian retailer, reported a decline in net income to CA$78.78 million from CA$187.59 million year-over-year despite increasing sales to CA$2.33 billion. The company's profit margins have also narrowed from 8.5% to 3.4%. However, Aritzia anticipates revenue growth between 8% and 12% for fiscal 2025 and projects earnings growth at an impressive rate of over 50% per year, significantly outpacing the broader Canadian market forecast of around 14.7%. Despite recent challenges, these projections suggest potential for robust future performance.

• Navigate through the intricacies of Aritzia with our comprehensive analyst estimates report here.
• Insights from our recent valuation report point to the potential undervaluation of Aritzia shares in the market.

Vitalhub (TSX:VHI)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Vitalhub Corp. offers technology solutions for health and human service providers across multiple regions including Canada, the US, the UK, Australia, and Western Asia, with a market capitalization of approximately CA$378.12 million.

Operations: The company generates CA$55.17 million from its healthcare software segment.

Insider Ownership: 15.1%

Vitalhub, a Canadian software solutions provider, recently announced a strategic partnership with Lumenus Community Services and reported substantial revenue growth from CAD 12.6 million to CAD 15.26 million in Q1 2024, alongside a significant increase in net income to CAD 1.32 million. The company has seen insider buying activity and is expected to grow earnings by 38.12% annually, outpacing the market forecast of 14.7%. Despite some shareholder dilution over the past year, Vitalhub's recent equity offerings raised over CAD 75 million, positioning it for further expansion and operational enhancements under its newly strengthened leadership team.

• Click here to discover the nuances of Vitalhub with our detailed analytical future growth report.
• The analysis detailed in our Vitalhub valuation report hints at an inflated share price compared to its estimated value.

Where To Now?

• Explore the 31 names from our Fast Growing TSX Companies With High Insider Ownership screener here.
• Already own these companies? Link your portfolio to Simply Wall St and get alerts on any new warning signs to your stocks.
• Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world.

Ready To Venture Into Other Investment Styles?

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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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