Unveiling High Insider Ownership Growth Companies On The TSX

As recent economic indicators suggest a moderating pace of inflation in Canada, the market environment appears increasingly conducive to strategic investment decisions. In this context, companies with high insider ownership on the TSX stand out as potentially robust investment opportunities, as insiders' substantial equity stakes often align their interests closely with those of shareholders, fostering a culture of long-term value creation.

Top 10 Growth Companies With High Insider Ownership In Canada

Name	Insider Ownership	Earnings Growth
goeasy (TSX:GSY)	21.7%	15.8%
Payfare (TSX:PAY)	15%	46.7%
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%
Magna Mining (TSXV:NICU)	10.5%	95.1%
Ivanhoe Mines (TSX:IVN)	13%	65.5%
Artemis Gold (TSXV:ARTG)	31.8%	48.8%

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

Below we spotlight a couple of our favorites from our exclusive screener.

Allied Gold

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$707.04 million.

Operations: The company's revenue is primarily derived from three mines: Agbaou Mine generates CA$141.39 million, Bonikro Mine contributes CA$192.71 million, and Sadiola Mine adds CA$342.34 million.

Insider Ownership: 22.5%

Earnings Growth Forecast: 68.2% p.a.

Allied Gold, a growth-oriented company with significant insider ownership, is making strides in operational and financial performance. Recently, the company reaffirmed its robust production guidance for 2024 to 2026, targeting substantial increases in gold output at reduced costs. Despite a net loss in Q1 2024, sales rose to US$175.07 million from US$154.32 million year-over-year, indicating recovery and potential profitability within three years. Insider transactions show more buying than selling recently, underscoring confidence from those closest to the company's operations.

• Click to explore a detailed breakdown of our findings in Allied Gold's earnings growth report.

• Our expertly prepared valuation report Allied Gold implies its share price may be lower than expected.

TSX:AAUC Ownership Breakdown as at Jun 2024

Aritzia

Simply Wall St Growth Rating: ★★★★★☆

Overview: Aritzia Inc., a Canadian fashion retailer, specializes in designing, developing, and selling women's apparel and accessories primarily in the United States and Canada, with a market capitalization of approximately CA$4.29 billion.

Operations: The company primarily generates revenue from its apparel segment, which accounted for CA$2.33 billion.

Insider Ownership: 19%

Earnings Growth Forecast: 51.2% p.a.

Aritzia, a Canadian retailer, reported a decrease in net income to CAD 78.78 million from CAD 187.59 million last year despite an increase in sales. The company anticipates revenue growth of 8% to 12% for fiscal 2025, aiming for net revenue between CAD 2.52 billion and CAD 2.62 billion. Insider activity has been quiet with no substantial buying or selling over the past three months; however, Aritzia's earnings are expected to grow by a significant rate annually over the next three years, outpacing market forecasts.

• Take a closer look at Aritzia's potential here in our earnings growth report.

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

TSX:ATZ Ownership Breakdown as at Jun 2024

Vitalhub

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Vitalhub Corp. offers technology solutions for health and human service providers across Canada, the US, the UK, Australia, Western Asia, and other international markets with a market capitalization of CA$392.35 million.

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

Insider Ownership: 15.1%

Earnings Growth Forecast: 38.1% p.a.

Vitalhub, a Canadian tech firm, has shown robust growth with a recent revenue increase to CAD 15.26 million in Q1 2024 from CAD 12.6 million the previous year and an enhanced net income of CAD 1.32 million. Insider trading trends are positive, with more buying than selling in the past three months, signaling strong insider confidence despite some shareholder dilution over the past year. Additionally, Vitalhub announced strategic partnerships and leadership changes aimed at bolstering operational efficiency and market reach.

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

• According our valuation report, there's an indication that Vitalhub's share price might be on the expensive side.

TSX:VHI Earnings and Revenue Growth as at Jun 2024

Turning Ideas Into Actions

• Discover the full array of 31 Fast Growing TSX Companies With High Insider Ownership right here.

• Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools.

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Contemplating Other Strategies?

• 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:AAUC TSX:ATZ and TSX:VHI.

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