Yahoo Finance Bullish Osisko Mining Inc. (TSE:OSK) insiders were rewarded last week as their CA$1.1m investment inflated to CA$1.1m
Osisko Mining Inc. (TSE:OSK) insiders who bought shares over the past year were rewarded handsomely last week. The stock rose 5.4%, resulting in a CA$157m rise in the company's market capitalisation. Put another way, the original CA$1.1m acquisition is now worth CA$1.1m.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
Check out our latest analysis for Osisko Mining
The Last 12 Months Of Insider Transactions At Osisko Mining
The Founder, John Burzynski, made the biggest insider sale in the last 12 months. That single transaction was for CA$791k worth of shares at a price of CA$3.16 each. So what is clear is that an insider saw fit to sell at around the current price of CA$3.13. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.
Over the last year, we can see that insiders have bought 349.20k shares worth CA$1.1m. On the other hand they divested 311.90k shares, for CA$1.0m. In the last twelve months there was more buying than selling by Osisko Mining insiders. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Osisko Mining is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insiders At Osisko Mining Have Bought Stock Recently
Over the last three months, we've seen significant insider buying at Osisko Mining. Overall, six insiders shelled out CA$837k for shares in the company -- and none sold. This makes one think the business has some good points.
Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Osisko Mining insiders own about CA$23m worth of shares. That equates to 1.9% of the company. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Osisko Mining Insiders?
It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. When combined with notable insider ownership, these factors suggest Osisko Mining insiders are well aligned, and that they may think the share price is too low. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Osisko Mining. To help with this, we've discovered 4 warning signs (2 are significant!) that you ought to be aware of before buying any shares in Osisko Mining.
But note: Osisko Mining may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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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.
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