As the Canadian market navigates a landscape shaped by shifting bond yields and potential rate cuts from the Bank of Canada, investors are evaluating opportunities beyond cash and cash-like instruments to potentially enhance returns. In this context, growth companies with high insider ownership can be particularly appealing, as they often reflect strong management confidence and alignment with shareholder interests—qualities that are especially valuable amid current economic conditions.

Top 10 Growth Companies With High Insider Ownership In Canada

Click here to see the full list of 39 stocks from our Fast Growing TSX Companies With High Insider Ownership screener.

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

Allied Gold

Simply Wall St Growth Rating: ★★★★★☆

Overview: Allied Gold Corporation, along with its subsidiaries, engages in the exploration and production of mineral deposits in Africa, with a market cap of CA$862.38 million.

Operations: The company's revenue is derived from its operations at the Agbaou Mine ($150.18 million), Bonikro Mine ($212.62 million), and Sadiola Mine ($376.41 million).

Insider Ownership: 22.8%

Revenue Growth Forecast: 26% p.a.

Allied Gold Corporation is experiencing a transformative growth phase supported by high insider ownership and strategic financial maneuvers. The recent $175 million streaming transaction with Wheaton Precious Metals International underscores the potential of its Kurmuk project, enhancing growth prospects. Despite past shareholder dilution, Allied's forecasted revenue growth of 26% annually outpaces the market average. Insiders have shown confidence through substantial share purchases recently, aligning with expectations for profitability within three years and strong production guidance.

• Unlock comprehensive insights into our analysis of Allied Gold stock in this growth report.
• Our valuation report unveils the possibility Allied Gold's shares may be trading at a discount.

Propel Holdings

Simply Wall St Growth Rating: ★★★★★★

Overview: Propel Holdings Inc. is a financial technology company with a market cap of CA$1.42 billion.

Operations: The company's revenue is primarily generated from providing lending-related services to borrowers, banks, and other institutions, amounting to $416.43 million.

Insider Ownership: 23.8%

Revenue Growth Forecast: 25% p.a.

Propel Holdings demonstrates significant growth potential with high insider ownership, as evidenced by a 77.7% earnings increase over the past year and forecasted revenue growth of 25% annually, outpacing the Canadian market. Despite recent shareholder dilution and substantial insider selling in the last quarter, Propel's strategic buyback program aims to repurchase up to 5.74% of shares, reflecting management's confidence in its value proposition amidst robust financial performance and dividend increases.

• Dive into the specifics of Propel Holdings here with our thorough growth forecast report.
• Our valuation report here indicates Propel Holdings may be undervalued.

VersaBank

Simply Wall St Growth Rating: ★★★★★☆

Overview: VersaBank is a financial institution offering a range of banking products and services in Canada and the United States, with a market cap of CA$506.79 million.

Operations: The company's revenue segments include CA$1.53 million from Digital Banking in the USA, CA$102.10 million from Digital Banking in Canada, and CA$9.64 million from DRTC, which provides cybersecurity services and develops banking and financial technology.

Insider Ownership: 13.3%

Revenue Growth Forecast: 29.4% p.a.

VersaBank shows strong growth potential with insider ownership, despite recent significant insider selling. Earnings are forecast to grow at 45.3% annually, exceeding the Canadian market's average, while revenue is expected to rise by 29.4% per year. The stock trades at a substantial discount to its estimated fair value, and analysts predict a price increase of 46.1%. Recent equity offerings raised C$75 million, potentially diluting shares but supporting future growth initiatives.

• Click to explore a detailed breakdown of our findings in VersaBank's earnings growth report.
• The valuation report we've compiled suggests that VersaBank's current price could be quite moderate.

Next Steps

• Access the full spectrum of 39 Fast Growing TSX Companies With High Insider Ownership by clicking on this link.
• Have a stake in these businesses? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports.
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Ready To Venture Into Other Investment Styles?

• 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:AAUC TSX:PRL and TSX:VBNK.

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