Discovering Three TSX Growth Companies With High Insider Ownership

As the first half of 2024 has shown, the Canadian market, particularly the TSX, experienced a solid gain amidst a global environment where technology and defensive sectors like utilities and gold thrived. With such diverse performance across sectors, companies with high insider ownership can offer investors potential stability as these insiders often have a vested interest in the company’s long-term success.

Top 10 Growth Companies With High Insider Ownership In Canada

Name	Insider Ownership	Earnings Growth
Vox Royalty (TSX:VOXR)	12.3%	58.7%
Payfare (TSX:PAY)	15%	46.7%
goeasy (TSX:GSY)	21.5%	15.8%
Propel Holdings (TSX:PRL)	40%	36.4%
Allied Gold (TSX:AAUC)	22.5%	71.7%
Aya Gold & Silver (TSX:AYA)	10.3%	51.6%
Ivanhoe Mines (TSX:IVN)	12.6%	64.7%
Silver X Mining (TSXV:AGX)	14.2%	144.2%
Magna Mining (TSXV:NICU)	10.6%	95.1%
Artemis Gold (TSXV:ARTG)	31.7%	48.8%

Click here to see the full list of 28 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

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

Colliers International Group

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Colliers International Group Inc. operates globally, offering commercial real estate professional and investment management services, with a market capitalization of approximately CA$7.52 billion.

Operations: The company's revenue is primarily generated from the Americas at CA$2.53 billion, followed by Europe, the Middle East & Africa at CA$730.10 million, Asia Pacific at CA$616.58 million, and Investment Management services contributing CA$489.23 million.

Insider Ownership: 14.2%

Earnings Growth Forecast: 38.3% p.a.

Colliers International Group, a notable entity in the Canadian real estate services sector, demonstrates a compelling mix of high insider ownership and robust growth prospects. Recent strategic developments include taking on significant projects like marketing Diamondhead Casino's Mississippi property, indicating potential revenue expansion. Despite some challenges such as insider selling and shareholder dilution over the past year, Colliers is poised for substantial earnings growth with projected increases well above industry averages. This outlook is supported by a recent shelf registration aimed at raising capital through an employee stock ownership plan, underscoring its commitment to growth and employee involvement.

• Click to explore a detailed breakdown of our findings in Colliers International Group's earnings growth report.

• In light of our recent valuation report, it seems possible that Colliers International Group is trading behind its estimated value.

TSX:CIGI Ownership Breakdown as at Jul 2024

goeasy

Simply Wall St Growth Rating: ★★★★★☆

Overview: goeasy Ltd. offers non-prime leasing and lending services through its easyhome, easyfinancial, and LendCare brands in Canada, with a market capitalization of approximately CA$3.35 billion.

Operations: The company generates revenue through its easyhome and easyfinancial segments, totaling CA$153.99 million and CA$1.17 billion respectively.

Insider Ownership: 21.5%

Earnings Growth Forecast: 15.8% p.a.

goeasy Ltd., a Canadian financial services company, exhibits strong insider ownership and growth potential. Recently, the company reported a substantial increase in quarterly revenue to CA$357.11 million and net income to CA$58.94 million. Despite challenges in covering dividends with cash flows, goeasy's revenue and earnings are forecasted to grow at 32.4% and 15.8% per year respectively, outpacing the market projections. The firm reinforced its leadership by appointing Patrick Ens as President of key brands, aiming to enhance strategic operations and consumer credit services.

• Get an in-depth perspective on goeasy's performance by reading our analyst estimates report here.

• Our valuation report unveils the possibility goeasy's shares may be trading at a discount.

TSX:GSY Earnings and Revenue Growth as at Jul 2024

Ivanhoe Mines

Simply Wall St Growth Rating: ★★★★★☆

Overview: Ivanhoe Mines Ltd. is a company focused on the mining, development, and exploration of minerals and precious metals primarily in Africa, with a market capitalization of approximately CA$23.38 billion.

Operations: The company primarily focuses on the exploration and development of minerals and precious metals in Africa.

Insider Ownership: 12.6%

Earnings Growth Forecast: 64.7% p.a.

Ivanhoe Mines, a growth-oriented mining company with significant insider ownership, has recently completed its Phase 3 concentrator at the Kamoa-Kakula Copper Complex ahead of schedule and on budget, signaling operational efficiency and potential for increased production capacity. Despite a net loss in Q1 2024, the company's revenue is expected to grow by 83% annually. Insider activities show more buying than selling in the past three months, reflecting confidence from those closest to the company. Additionally, Ivanhoe actively seeks strategic acquisitions to enhance shareholder value.

• Dive into the specifics of Ivanhoe Mines here with our thorough growth forecast report.

• The valuation report we've compiled suggests that Ivanhoe Mines' current price could be inflated.

TSX:IVN Earnings and Revenue Growth as at Jul 2024

Where To Now?

• Click here to access our complete index of 28 Fast Growing TSX Companies With High Insider Ownership.

• Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up.

• Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage.

Curious About Other Options?

• 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.

Companies discussed in this article include TSX:CIGI TSX:GSY and TSX:IVN.

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