TSX Growth Leaders With High Insider Ownership Unveiled

As the first half of 2024 concluded, Canadian markets demonstrated resilience with notable gains, particularly benefiting from positive economic indicators and anticipations of interest rate cuts. This robust start sets a promising stage for investors looking at growth companies, especially those with high insider ownership which can signal strong confidence in the company's future from those who know it best.

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%
Almonty Industries (TSX:AII)	12.3%	105%

Click here to see the full list of 29 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

Here we highlight a subset of our preferred stocks from the screener.

Aya Gold & Silver

Simply Wall St Growth Rating: ★★★★★☆

Overview: Aya Gold & Silver Inc. is a company focused on the exploration, evaluation, and development of precious metals projects in Morocco, with a market capitalization of approximately CA$1.77 billion.

Operations: The company generates revenue primarily from its production activities at the Zgounder Silver Mine in Morocco, totaling CA$37.48 million.

Insider Ownership: 10.3%

Earnings Growth Forecast: 51.6% p.a.

Aya Gold & Silver has demonstrated substantial insider buying in the past three months, signaling strong confidence from those closest to the company. Despite a challenging year with a decline in profit margins from 9.3% to 5%, and shareholder dilution, AYA is poised for significant growth with earnings and revenue forecasted to outpace the Canadian market substantially at rates of 51.6% and 42.7% per year respectively. Recent developments include commissioning activities at its new mill in Morocco, which aligns well with its aggressive expansion plans and could potentially enhance future profitability despite current financial setbacks.

• Get an in-depth perspective on Aya Gold & Silver's performance by reading our analyst estimates report here.

• Insights from our recent valuation report point to the potential overvaluation of Aya Gold & Silver shares in the market.

TSX:AYA Earnings and Revenue Growth as at Jul 2024

goeasy

Simply Wall St Growth Rating: ★★★★★☆

Overview: goeasy Ltd. operates in Canada, offering non-prime leasing and lending services through its easyhome, easyfinancial, and LendCare brands with a market capitalization of CA$3.31 billion.

Operations: The company generates revenue through its easyhome and easyfinancial segments, with CA$153.99 million from leasing services and CA$1.17 billion from lending services.

Insider Ownership: 21.5%

Earnings Growth Forecast: 15.8% p.a.

goeasy Ltd. has shown robust revenue growth, significantly outpacing the Canadian market average with a forecasted 32.4% annual increase. Despite this, the company faces challenges with cash flow not adequately covering dividends and debt poorly covered by operating cash flow. Recent executive appointments and consistent insider buying suggest strong internal confidence, although significant insider selling over the past three months raises concerns. The stock is currently trading at 37% below its estimated fair value, indicating potential undervaluation.

• Click here and access our complete growth analysis report to understand the dynamics of goeasy.

• The valuation report we've compiled suggests that goeasy's current price could be quite moderate.

TSX:GSY Ownership Breakdown 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$23.25 billion.

Operations: The company primarily generates revenue from the mining, development, and exploration of minerals and precious metals in Africa.

Insider Ownership: 12.6%

Earnings Growth Forecast: 64.7% p.a.

Ivanhoe Mines demonstrates strong growth prospects with its earnings expected to increase significantly, surpassing the Canadian market's average. Despite generating less than US$1m in revenue, its revenue growth forecast is robust at 83% annually, outpacing the general market. Recent operational advancements include the ahead-of-schedule completion of the Phase 3 concentrator at Kamoa-Kakula, enhancing copper production capacity significantly. However, substantial insider selling over recent months and a trading value below fair estimates suggest mixed signals for investor confidence.

• 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

Key Takeaways

• Investigate our full lineup of 29 Fast Growing TSX Companies With High Insider Ownership right here.

• Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive.

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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:AYA TSX:GSY and TSX:IVN.

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