Discover 3 Top TSX Growth Stocks With High Insider Ownership

In the last week, the Canadian market has remained flat, yet over the past 12 months it has impressively risen by 27%, with earnings forecasted to grow by 16% annually. In this promising environment, growth companies with high insider ownership can be particularly appealing as they often indicate strong confidence from those closely involved in their operations.

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%	16.6%
VersaBank (TSX:VBNK)	13.3%	30.4%
Alvopetro Energy (TSXV:ALV)	19.4%	76.5%
Aya Gold & Silver (TSX:AYA)	10.2%	71.4%
Aritzia (TSX:ATZ)	18.9%	59.7%
Ivanhoe Mines (TSX:IVN)	12.3%	69.8%
Medicenna Therapeutics (TSX:MDNA)	15.3%	57.2%
Allied Gold (TSX:AAUC)	17.7%	70.7%

Click here to see the full list of 37 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

Underneath we present a selection of stocks filtered out by our screen.

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 and has a market cap of CA$1.31 billion.

Operations: The company's revenue segments consist of $142.03 million from the Agbaou Mine, $193.93 million from the Bonikro Mine, and $391.07 million from the Sadiola Mine.

Insider Ownership: 17.7%

Allied Gold shows promise as a growth company with high insider ownership, evidenced by substantial insider buying in the past three months. The company's revenue is forecasted to grow at 20.2% annually, outpacing the Canadian market average. Recent developments include a CAD 192.2 million equity offering and significant expansion plans for the Sadiola Gold Mine, aiming to increase production levels significantly. Despite past shareholder dilution, Allied Gold remains well-positioned for profitability within three years.

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

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 various regions, with a market cap of CA$10.90 billion.

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

Insider Ownership: 14.1%

Colliers International Group demonstrates potential with its forecasted revenue growth of 10.4% annually, surpassing the Canadian market average. However, insider activity shows significant selling over the past quarter without substantial buying. Recent earnings reports reveal a turnaround from a net loss to a net income of US$36.72 million for Q2 2024, reflecting improved financial performance despite past shareholder dilution and debt concerns not fully covered by operating cash flow.

• Unlock comprehensive insights into our analysis of Colliers International Group stock in this growth report.
• Insights from our recent valuation report point to the potential overvaluation of Colliers International Group shares in the market.

Dye & Durham (TSX:DND)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Dye & Durham Limited offers cloud-based software and technology solutions to law firms, financial service institutions, sole-practitioner law firms, and government organizations across Canada, Australia, South Africa, Ireland, and the United Kingdom with a market cap of CA$1.29 billion.

Operations: The company generates revenue of CA$457.70 million from its Internet Software & Services segment.

Insider Ownership: 14.9%

Dye & Durham faces challenges despite being valued attractively at 21.9% below its estimated fair value and trading at a lower EBITDA multiple than peers. Activist investor Engine Capital criticizes management, citing underperformance due to CEO mismanagement and board inefficacy, while the company explores strategic alternatives amid shareholder activism. Revenue growth forecasts of 8% annually outpace the Canadian market, but past shareholder dilution remains a concern as it seeks profitability within three years.

• Click to explore a detailed breakdown of our findings in Dye & Durham's earnings growth report.
• According our valuation report, there's an indication that Dye & Durham's share price might be on the cheaper side.

Seize The Opportunity

• Unlock our comprehensive list of 37 Fast Growing TSX Companies With High Insider Ownership by clicking here.
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Searching for a Fresh Perspective?

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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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