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Potential Kirkland Lake Gold Ltd. (TSE:KL) shareholders may wish to note that the Executive Vice President, Jason Neal, recently bought CA$126k worth of stock, paying CA$52.46 for each share. We reckon that's a good sign, especially since the purchase boosted their holding by 150%.
Kirkland Lake Gold Insider Transactions Over The Last Year
Over the last year, we can see that the biggest insider purchase was by Independent Director Peter Grosskopf for CA$516k worth of shares, at about CA$51.67 per share. That implies that an insider found the current price of CA$53.40 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. In this case we're pleased to report that the insider purchases were made at close to current prices.
Over the last year, we can see that insiders have bought 15.94k shares worth CA$811k. But insiders sold 2.99k shares worth CA$208k. In total, Kirkland Lake Gold insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Does Kirkland Lake Gold Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 0.05% of Kirkland Lake Gold shares, worth about CA$7.4m, according to our data. We do generally prefer see higher levels of insider ownership.
So What Do The Kirkland Lake Gold Insider Transactions Indicate?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. On this analysis the only slight negative we see is the fairly low (overall) insider ownership; their transactions suggest that they are quite positive on Kirkland Lake Gold stock. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. While conducting our analysis, we found that Kirkland Lake Gold has 1 warning sign and it would be unwise to ignore this.
But note: Kirkland Lake Gold 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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