3 TSX Growth Stocks With Insider Ownership Up To 20%
As the Canadian market navigates the challenges of rising interest rates and resilient economic growth, investors are keenly observing how these factors impact equities. In this environment, stocks with high insider ownership can be particularly appealing, as they often signal strong confidence from those closest to the company's operations.
Top 10 Growth Companies With High Insider Ownership In Canada
| Name | Insider Ownership | Earnings Growth |
| ROK Resources (TSXV:ROK) | 16.9% | 130% |
| Propel Holdings (TSX:PRL) | 25.7% | 39.7% |
| Hammond Power Solutions (TSX:HPS.A) | 27.1% | 32% |
| Electrovaya (TSX:ELVA) | 34.9% | 41.2% |
| Cizzle Brands (NEOE:CZZL) | 13.2% | 90.4% |
| CEMATRIX (TSX:CEMX) | 10.7% | 28.6% |
| Cambria Gold Mines (TSXV:CAMB) | 12% | 85.3% |
| Aritzia (TSX:ATZ) | 16.2% | 20.3% |
| Allied Gold (TSX:AAUC) | 15.4% | 39.4% |
| Abcourt Mines (TSXV:ABI) | 33.1% | 46.5% |
We'll examine a selection from our screener results.
Black Diamond Group (TSX:BDI)
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Black Diamond Group Limited offers specialty rentals and industrial services across Canada, the United States, and Australia, with a market cap of CA$1.38 billion.
Operations: The company's revenue is primarily derived from Workforce Solutions, contributing CA$287.18 million, and Modular Space Solutions, which accounts for CA$221.34 million.
Insider Ownership: 20.1%
Black Diamond Group, recently added to the S&P Global BMI Index, presents a mixed picture for growth with high insider ownership. While revenue is forecast to grow 12.5% annually—faster than the Canadian market's 4.5%—profit margins have declined from last year. Earnings are expected to grow significantly at 35% per year, outpacing the market average of 11.8%. Despite no substantial insider buying recently, more shares were bought than sold by insiders over three months.
- Navigate through the intricacies of Black Diamond Group with our comprehensive analyst estimates report here.
- In light of our recent valuation report, it seems possible that Black Diamond Group is trading beyond its estimated value.
Ivanhoe Mines (TSX:IVN)
Simply Wall St Growth Rating: ★★★★★☆
Overview: Ivanhoe Mines Ltd. is involved in the mining, development, and exploration of minerals and precious metals in Africa, with a market cap of CA$16.56 billion.
Operations: The company's revenue segments include Kipushi Properties, which generated $575.27 million.
Insider Ownership: 11.7%
Ivanhoe Mines demonstrates strong growth potential with high insider ownership, as earnings are forecast to grow significantly at 37.25% annually, outpacing the Canadian market's 11.7%. Revenue is expected to rise by 25.6% per year, exceeding market averages. Recent updates in the Makoko District increased copper resources by 30%, enhancing Ivanhoe's asset base. Despite lower profit margins than last year and modest insider buying, Ivanhoe trades slightly below its estimated fair value, indicating potential investment appeal.
- Click here and access our complete growth analysis report to understand the dynamics of Ivanhoe Mines.
- Insights from our recent valuation report point to the potential overvaluation of Ivanhoe Mines shares in the market.
Obsidian Energy (TSX:OBE)
Simply Wall St Growth Rating: ★★★★★☆
Overview: Obsidian Energy Ltd. is involved in the exploration, development, and production of oil and natural gas in Western Canada, with a market cap of CA$1.01 billion.
Operations: The company's revenue is primarily derived from its Oil & Gas - Exploration & Production segment, which generated CA$543.70 million.
Insider Ownership: 11.2%
Obsidian Energy, with substantial insider ownership, is poised for growth as its earnings are projected to increase by 74.4% annually, surpassing the Canadian market's average. Despite recent production guidance revisions due to operational delays, the company maintains strong revenue growth forecasts of 23.3% per year. Recent financials show a significant rise in quarterly net income to C$42 million. Insider activity reflects confidence with more shares bought than sold recently, enhancing its investment profile amidst trading below fair value estimates.
- Click here to discover the nuances of Obsidian Energy with our detailed analytical future growth report.
- Our comprehensive valuation report raises the possibility that Obsidian Energy is priced lower than what may be justified by its financials.
Next Steps
- Get an in-depth perspective on all 47 Fast Growing TSX Companies With High Insider Ownership by using our screener here.
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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.
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