TSX Growth Companies With High Insider Ownership And Up To 64% Earnings Growth

Amid a robust first half for the Canadian market in 2024, characterized by strong gains across various sectors and an optimistic economic outlook, investors continue to seek opportunities that blend growth potential with stability. High insider ownership in growth companies is often viewed as a positive indicator of management’s confidence in the company’s future, making such stocks particularly compelling in the current climate of sustained market enthusiasm and technological advancements.

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%
Artemis Gold (TSXV:ARTG)	31.7%	48.8%
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.

We're going to check out a few of the best picks from our screener tool.

Colliers International Group

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Colliers International Group Inc. is a global commercial real estate services and investment management company, serving corporate and institutional clients across the Americas, Europe, the Middle East, Africa, and Asia Pacific, with a market capitalization of approximately CA$7.67 billion.

Operations: Revenue for the company is primarily generated through its operations in the Americas, which contribute CA$2.53 billion, followed by Europe, the Middle East & Africa with CA$730.10 million, Asia Pacific with CA$616.58 million, and Investment Management services adding another CA$489.23 million.

Insider Ownership: 14.2%

Earnings Growth Forecast: 38.3% p.a.

Colliers International Group, despite not having substantial insider buying in the past three months and experiencing shareholder dilution over the last year, remains a compelling growth company with high insider ownership. It has recently secured a significant contract to market and potentially finance or sell a large property in Mississippi, showcasing its active role in substantial projects. Financially, Colliers reported a strong rebound with first-quarter sales rising to US$1.001 billion and net income shifting from a loss to US$12.66 million year-over-year. Moreover, it's set for robust earnings growth at 38.3% annually, outpacing the broader Canadian market forecast of 14.6%.

• Dive into the specifics of Colliers International Group here with our thorough growth forecast report.

• The analysis detailed in our Colliers International Group valuation report hints at an deflated share price compared to its estimated value.

TSX:CIGI Ownership Breakdown 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 approximately CA$3.31 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., trading at a significant discount to estimated fair value, shows promise with its high insider ownership. The company's earnings are expected to grow by 15.8% annually, outpacing the Canadian market forecast of 14.6%. Additionally, goeasy's revenue growth is projected at a robust 32.4% per year, significantly higher than the market average of 7.3%. Recent executive appointments and consistent dividend payments underscore stability and strategic leadership, despite concerns over debt coverage by operating cash flow and substantial insider selling in recent months.

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

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

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, despite making less than US$1m in revenue, is poised for substantial growth with earnings expected to increase by 64.7% annually and revenue forecasted to surge by 83% per year. Recent achievements include the ahead-of-schedule completion of the Phase 3 concentrator at the Kamoa-Kakula Copper Complex, promising over 600,000 tonnes of annual copper production. However, shareholder dilution over the past year and a low forecasted return on equity of 18.8% temper its outlook slightly.

• Take a closer look at Ivanhoe Mines' potential here in our earnings growth report.

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

TSX:IVN Earnings and Revenue Growth as at Jul 2024

Turning Ideas Into Actions

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Contemplating Other Strategies?

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• 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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