The Canadian market has shown robust performance, rising 1.6% over the last week and 15% in the past year, with earnings expected to grow by 15% per annum in the coming years. In this favorable environment, growth companies with high insider ownership can be particularly appealing due to their potential for strong revenue growth and alignment of interests between management and shareholders.

Top 10 Growth Companies With High Insider Ownership In Canada

Name Insider Ownership Earnings Growth Vox Royalty (TSX:VOXR) 12.6% 70.7% Allied Gold (TSX:AAUC) 22.5% 73.6% Almonty Industries (TSX:AII) 17.7% 117.6% goeasy (TSX:GSY) 21.5% 17.1% Alvopetro Energy (TSXV:ALV) 19.4% 72.4% Payfare (TSX:PAY) 14.7% 37.7% Ivanhoe Mines (TSX:IVN) 12.4% 72.4% Medicenna Therapeutics (TSX:MDNA) 15.4% 57.2% ROK Resources (TSXV:ROK) 16.6% 156.2% Alpha Cognition (CNSX:ACOG) 17.9% 69.5%

Click here to see the full list of 37 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

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

Aya Gold & Silver

Simply Wall St Growth Rating: ★★★★★☆

Overview: Aya Gold & Silver Inc., with a market cap of CA$2.02 billion, focuses on the exploration, evaluation, and development of precious metals projects in Morocco.

Operations: Aya Gold & Silver generates revenue primarily from the production at its Zgounder Silver Mine in Morocco, amounting to $41.54 million.

Insider Ownership: 10.2%

Revenue Growth Forecast: 44.9% p.a.

Aya Gold & Silver demonstrates strong growth potential with high insider ownership, supported by significant recent earnings and revenue increases. The company reported Q2 2024 sales of US$13.68 million, up from US$9.62 million a year ago, and a net income of US$6.84 million compared to a net loss previously. Recent geophysical surveys at Boumadine reveal substantial exploration upside, while the Zgounder mine's expansion progresses on schedule, indicating robust future production capabilities.

Click here to discover the nuances of Aya Gold & Silver with our detailed analytical future growth report. In light of our recent valuation report, it seems possible that Aya Gold & Silver is trading beyond its estimated value. TSX:AYA Ownership Breakdown as at Aug 2024

Ivanhoe Mines

Simply Wall St Growth Rating: ★★★★★☆

Overview: Ivanhoe Mines Ltd. engages in the mining, development, and exploration of minerals and precious metals primarily in Africa, with a market cap of CA$24.13 billion.

Operations: Ivanhoe Mines generates revenue through the mining, development, and exploration of minerals and precious metals primarily in Africa.



Insider Ownership: 12.4%

Revenue Growth Forecast: 84.4% p.a.

Ivanhoe Mines showcases robust growth potential with significant insider ownership. The company's Phase 3 concentrator at the Kamoa-Kakula Copper Complex was completed ahead of schedule, boosting production capacity to over 600,000 tonnes annually. Despite a dip in Q2 net income to US$76.4 million from US$92.04 million, Ivanhoe's revenue is forecast to grow substantially faster than the market average. However, recent insider selling and past shareholder dilution warrant cautious optimism regarding its growth trajectory.

Dive into the specifics of Ivanhoe Mines here with our thorough growth forecast report. In light of our recent valuation report, it seems possible that Ivanhoe Mines is trading behind its estimated value. TSX:IVN Ownership Breakdown as at Aug 2024

TerraVest Industries

Simply Wall St Growth Rating: ★★★★☆☆

Overview: TerraVest Industries Inc. manufactures and sells goods and services to energy, agriculture, mining, transportation, and other markets in Canada and the United States with a market cap of CA$1.78 billion.

Operations: TerraVest Industries' revenue segments include CA$201.78 million from Service, CA$117.58 million from Processing Equipment, CA$243.77 million from Compressed Gas Equipment, and CA$292.90 million from HVAC and Containment Equipment.

Insider Ownership: 21.9%

Revenue Growth Forecast: 12.2% p.a.

TerraVest Industries exhibits strong growth potential with high insider ownership. Recent earnings reported for Q3 2024 showed a significant increase in revenue to C$238.13 million from C$150.36 million a year ago, and net income rose to C$11.92 million from C$7.97 million. Earnings are forecasted to grow at 21% annually, outpacing the Canadian market average of 14.9%. Despite substantial insider selling and past shareholder dilution, TerraVest trades at nearly 30% below its estimated fair value, suggesting potential undervaluation.

Delve into the full analysis future growth report here for a deeper understanding of TerraVest Industries. Insights from our recent valuation report point to the potential overvaluation of TerraVest Industries shares in the market. TSX:TVK Earnings and Revenue Growth as at Aug 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:IVN and TSX:TVK.

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