TSX Growth Companies With High Insider Ownership October 2024

The Canadian market has shown impressive growth over the past year with a 27% increase, although it remained flat in the last week, and earnings are projected to grow by 16% annually. In this environment, identifying growth companies with high insider ownership can be appealing as insiders' significant stakes often align their interests with those of other shareholders, potentially signaling confidence in the company's future prospects.

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.

Let's review some notable picks from our screened stocks.

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 capitalization of CA$1.31 billion.

Operations: The company's revenue is derived from its operations at the Agbaou Mine ($142.03 million), Bonikro Mine ($193.93 million), and Sadiola Mine ($391.07 million).

Insider Ownership: 17.7%

Allied Gold Corporation, a growth-focused company with substantial insider ownership, is expanding its Sadiola Gold Mine and has recently raised CAD 192.2 million through a follow-on equity offering. The company's revenue is forecast to grow at 20.2% annually, outpacing the Canadian market's average growth rate. Insiders have been buying shares significantly in the last three months without any major selling activity, indicating confidence in Allied's strategic direction and future profitability prospects over the next three years.

• Unlock comprehensive insights into our analysis of Allied Gold stock in this growth report.
• Our valuation report here indicates Allied Gold may be undervalued.

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 the Americas, Europe, the Middle East, Africa, and the Asia Pacific, with a market cap of CA$10.90 billion.

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

Insider Ownership: 14.1%

Colliers International Group has seen substantial insider buying recently, despite significant selling over the past quarter. The company's earnings are forecast to grow at 20.8% annually, surpassing the Canadian market average of 15.7%. However, revenue growth is expected to be slower at 10.4% per year but still above the market's rate of 7.1%. Recent earnings showed a turnaround with net income reaching US$36.72 million compared to a loss last year, reflecting strong profit momentum despite past shareholder dilution and cash flow challenges relative to debt coverage.

• Navigate through the intricacies of Colliers International Group with our comprehensive analyst estimates report here.
• Upon reviewing our latest valuation report, Colliers International Group's share price might be too optimistic.

Dye & Durham (TSX:DND)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Dye & Durham Limited offers cloud-based software and technology solutions for 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 from its Internet Software & Services segment, amounting to CA$457.70 million.

Insider Ownership: 14.9%

Dye & Durham faces significant activist pressure, with Engine Capital criticizing management and board effectiveness amid low valuation metrics compared to peers. Despite strategic review considerations, including a potential sale, there is resistance from over half the shareholder base against such moves. The company has entered agreements with activist shareholders like Blacksheep Fund Management for board representation. Although revenue growth is forecast at 8% annually, earnings are expected to improve significantly over the next three years as profitability becomes achievable.

• Get an in-depth perspective on Dye & Durham's performance by reading our analyst estimates report here.
• Our comprehensive valuation report raises the possibility that Dye & Durham is priced lower than what may be justified by its financials.

Key Takeaways

• Investigate our full lineup of 37 Fast Growing TSX Companies With High Insider Ownership right here.
• Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments.
• Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free.

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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