Top TSX Growth Companies With High Insider Ownership In October 2024

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The Canadian market has experienced a robust performance, climbing by 1.4% over the past week and 22% over the last year, with earnings forecasted to grow by 15% annually. In this thriving environment, growth companies with high insider ownership can be particularly appealing as they often indicate strong confidence from those closest to the business in its future potential.

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%

17.1%

Alvopetro Energy (TSXV:ALV)

19.4%

76.5%

VersaBank (TSX:VBNK)

13.3%

30.4%

Aritzia (TSX:ATZ)

18.9%

59.7%

Allied Gold (TSX:AAUC)

18.3%

73%

Ivanhoe Mines (TSX:IVN)

12.3%

69.5%

Medicenna Therapeutics (TSX:MDNA)

15.4%

57.2%

Alpha Cognition (CNSX:ACOG)

17%

69.5%

Click here to see the full list of 35 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

Let's explore several standout options from the results in the screener.

Aya Gold & Silver

Simply Wall St Growth Rating: ★★★★★☆

Overview: Aya Gold & Silver Inc. is involved in the exploration, evaluation, and development of precious metals projects in Morocco and has a market cap of CA$2.45 billion.

Operations: The company's revenue segment includes production from the Zgounder Silver Mine in Morocco, generating $41.54 million.

Insider Ownership: 10.2%

Revenue Growth Forecast: 46.7% p.a.

Aya Gold & Silver is experiencing substantial growth, with earnings forecasted to grow significantly above the Canadian market average. Despite past shareholder dilution, insider ownership remains strong. Recent exploration at Boumadine and Zgounder in Morocco has yielded high-grade silver results, suggesting potential for further resource expansion. The company is also advancing its Zgounder Silver Mine expansion and spinning out its Amizmiz Gold Project into Mx2 Mining, enhancing its strategic position in North Africa's mining sector.

TSX:AYA Ownership Breakdown as at Oct 2024
TSX:AYA Ownership Breakdown as at Oct 2024

Colliers International Group

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 including the Americas, Europe, the Middle East, Africa, and the Asia Pacific, with a market cap of CA$10.44 billion.

Operations: The company's revenue segments are comprised of $2.59 billion from the Americas, $0.61 billion from Asia Pacific, $0.50 billion from Investment Management, and $0.73 billion from Europe, the Middle East & Africa (EMEA).

Insider Ownership: 14.1%

Revenue Growth Forecast: 11% p.a.

Colliers International Group is experiencing robust earnings growth, forecasted at 20.8% annually, outpacing the Canadian market. Despite past shareholder dilution and significant insider selling recently, revenue growth remains solid at 11% per year, surpassing the market average. The company reported improved financial results with a net income of US$36.72 million for Q2 2024 compared to a loss last year and maintains its revenue guidance post-Englobe acquisition adjustments.

TSX:CIGI Earnings and Revenue Growth as at Oct 2024
TSX:CIGI Earnings and Revenue Growth as at Oct 2024

Artemis Gold

Simply Wall St Growth Rating: ★★★★★☆

Overview: Artemis Gold Inc. is a gold development company that specializes in identifying, acquiring, and developing gold properties with a market cap of CA$3.22 billion.

Operations: The company's revenue segments are currently not specified in the provided text.

Insider Ownership: 29.9%

Revenue Growth Forecast: 45.9% p.a.

Artemis Gold is poised for significant growth, with revenue expected to increase by 45.9% annually, surpassing the Canadian market average. Despite past shareholder dilution and a recent net loss of CA$5.73 million in Q2 2024, the Blackwater Mine project is over 95% complete and fully funded, targeting first gold pour in late Q4 2024. The company has navigated wildfire-related delays through cost-saving measures and schedule acceleration initiatives.

TSXV:ARTG Earnings and Revenue Growth as at Oct 2024
TSXV:ARTG Earnings and Revenue Growth as at Oct 2024

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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.

Companies discussed in this article include TSX:AYA TSX:CIGI and TSXV:ARTG.

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