Yahoo Finance The Chairman & CEO of Osisko Metals Incorporated (CVE:OM), Robert Wares, Just Bought 4.2% More Shares
Investors who take an interest in Osisko Metals Incorporated (CVE:OM) should definitely note that the Chairman & CEO, Robert Wares, recently paid CA$0.48 per share to buy CA$600k worth of the stock. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 4.2%.
Check out our latest analysis for Osisko Metals
Osisko Metals Insider Transactions Over The Last Year
Notably, that recent purchase by Robert Wares is the biggest insider purchase of Osisko Metals shares that we've seen in the last year. That means that even when the share price was higher than CA$0.44 (the recent price), an insider wanted to purchase shares. It's very possible they regret the purchase, but it's more likely they are bullish about the company. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
While Osisko Metals insiders bought shares during the last year, they didn't sell. They paid about CA$0.43 on average. These transactions show that insiders have confidence to invest their own money in the stock, albeit at slightly below the recent price. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Does Osisko Metals Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. We usually like to see fairly high levels of insider ownership. Insiders own 19% of Osisko Metals shares, worth about CA$15m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
What Might The Insider Transactions At Osisko Metals Tell Us?
It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. But we don't feel the same about the fact the company is making losses. Given that insiders also own a fair bit of Osisko Metals we think they are probably pretty confident of a bright future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Osisko Metals. To that end, you should learn about the 3 warning signs we've spotted with Osisko Metals (including 1 which can't be ignored).
But note: Osisko Metals 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.
This article by Simply Wall St is general in nature. 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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