As the Canadian market experiences a positive shift with easing inflation and better-than-expected economic data, investors are increasingly looking for opportunities in growth companies. In this environment, stocks with high insider ownership can be particularly attractive as they often indicate strong confidence from those closest to the business.

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% 71.5% 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% Aya Gold & Silver (TSX:AYA) 10.2% 60.9% 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.

Let's uncover some gems from our specialized screener.

Colliers International Group

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Colliers International Group Inc. offers commercial real estate professional and investment management services to corporate and institutional clients across the Americas, Europe, the Middle East, Africa, and the Asia Pacific with a market cap of CA$9.50 billion.

Operations: The company's revenue segments are as follows: Americas: $2.59 billion, Asia Pacific: $614.55 million, Investment Management: $496.42 million, and Europe, Middle East & Africa (EMEA): $734.93 million.

Insider Ownership: 14.2%

Colliers International Group, a growth company with high insider ownership in Canada, reported strong earnings for Q2 2024 with sales of US$1.14 billion and net income of US$36.72 million, reversing a loss from the previous year. The company forecasts annual profit growth of 20.8%, outpacing the Canadian market's 14.9%. Recent strategic moves include a partnership with SPGI Zurich AG and involvement in marketing Diamondhead Casino Corporation's property, enhancing its European presence and expanding service offerings.

Click here to discover the nuances of Colliers International Group with our detailed analytical future growth report. Our expertly prepared valuation report Colliers International Group implies its share price may be too high. TSX:CIGI 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$23.26 billion.

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



Insider Ownership: 12.4%

Ivanhoe Mines, a key growth company with high insider ownership in Canada, reported Q2 2024 net income of US$76.4 million, down from US$92.04 million a year ago. The company's revenue is forecast to grow 47.5% annually, significantly outpacing the Canadian market's 6.6%. Despite substantial insider selling recently, Ivanhoe's Phase 3 concentrator at Kamoa-Kakula was completed ahead of schedule and will boost production capacity to over 600,000 tonnes of copper per annum by Q3 2024.

Click here and access our complete growth analysis report to understand the dynamics of Ivanhoe Mines. Our valuation report here indicates Ivanhoe Mines may be undervalued. TSX:IVN Ownership Breakdown as at Aug 2024

North American Construction Group

Simply Wall St Growth Rating: ★★★★★☆

Overview: North American Construction Group Ltd. (TSX:NOA) offers mining and heavy civil construction services in Australia, Canada, and the United States, with a market cap of CA$694.38 million.

Operations: Revenue Segments (in millions of CA$): Mining services: 1,200.00 Heavy civil construction services: 800.00 North American Construction Group Ltd.'s revenue primarily comes from mining services (CA$1.20 billion) and heavy civil construction services (CA$800 million).

Insider Ownership: 11.5%

North American Construction Group, with substantial insider buying in the past 3 months, is forecast to grow earnings by 35.6% annually, significantly outpacing the Canadian market's 14.9%. Recent earnings reports show Q2 sales of C$276.31 million and net income of C$14.01 million, both up from last year. However, profit margins have declined from 9.3% to 5%. The company’s revenue is expected to reach between $1.4 billion and $1.5 billion for 2024.

Dive into the specifics of North American Construction Group here with our thorough growth forecast report. Our comprehensive valuation report raises the possibility that North American Construction Group is priced lower than what may be justified by its financials. TSX:NOA Ownership Breakdown as at Aug 2024

Summing It All Up

Reveal the 37 hidden gems among our Fast Growing TSX Companies With High Insider Ownership screener with a single click here. Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance. Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage.

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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:CIGI TSX:IVN and TSX:NOA.

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