Investors who take an interest in Almaden Minerals Ltd. (TSE:AMM) should definitely note that the Founder & Chairman, James Poliquin, recently paid CA$0.37 per share to buy CA$200k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 20%.
Almaden Minerals Insider Transactions Over The Last Year
Notably, that recent purchase by James Poliquin is the biggest insider purchase of Almaden Minerals shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of CA$0.42. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. Happily, the Almaden Minerals insiders decided to buy shares at close to current prices.
Happily, we note that in the last year insiders paid CA$216k for 581.50k shares. But insiders sold 40000 shares worth CA$39k. In the last twelve months there was more buying than selling by Almaden Minerals insiders. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
Almaden Minerals 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.
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data suggests Almaden Minerals insiders own 4.2% of the company, worth about CA$2.0m. I generally like to see higher levels of ownership.
What Might The Insider Transactions At Almaden Minerals Tell Us?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. But we don't feel the same about the fact the company is making losses. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Almaden Minerals insiders are reasonably well aligned, and optimistic for the future. 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. At Simply Wall St, we found 5 warning signs for Almaden Minerals that deserve your attention before buying any shares.
But note: Almaden Minerals 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.
If you spot an error that warrants correction, please contact the editor at email@example.com. 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. Simply Wall St has no position in the stocks mentioned.
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