Yahoo Finance Trade Alert: The Director Of Osisko Mining Inc. (TSE:OSK), Jose Vizquerra Benavides, Has Just Spent CA$403k Buying 3.6% More Shares
Potential Osisko Mining Inc. (TSE:OSK) shareholders may wish to note that the Director, Jose Vizquerra Benavides, recently bought CA$403k worth of stock, paying CA$3.10 for each share. Although the purchase only increased their holding by 3.6%, it is still a solid purchase in our view.
See 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 we know that an insider sold shares at around the present share price of CA$3.13. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).
Happily, we note that in the last year insiders paid CA$1.1m for 349.20k shares. But insiders sold 311.90k shares worth CA$1.0m. In total, Osisko Mining insiders bought more than they sold over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Osisko Mining is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does Osisko Mining Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Osisko Mining insiders own about CA$23m worth of shares. That equates to 1.9% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Does This Data Suggest About Osisko Mining Insiders?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Insiders likely see value in Osisko Mining shares, given these transactions (along with notable insider ownership of the company). So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. For example, Osisko Mining has 4 warning signs (and 2 which can't be ignored) we think you should know about.
Of course Osisko Mining may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
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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