Advertisement
U.S. markets close in 3 hours 56 minutes
  • S&P 500

    5,253.33
    +4.84 (+0.09%)
     
  • Dow 30

    39,782.81
    +22.73 (+0.06%)
     
  • Nasdaq

    16,398.12
    -1.40 (-0.01%)
     
  • Russell 2000

    2,133.08
    +18.73 (+0.89%)
     
  • Crude Oil

    82.67
    +1.32 (+1.62%)
     
  • Gold

    2,234.90
    +22.20 (+1.00%)
     
  • Silver

    24.91
    +0.15 (+0.62%)
     
  • EUR/USD

    1.0803
    -0.0027 (-0.25%)
     
  • 10-Yr Bond

    4.1850
    -0.0110 (-0.26%)
     
  • GBP/USD

    1.2635
    -0.0003 (-0.02%)
     
  • USD/JPY

    151.3530
    +0.1070 (+0.07%)
     
  • Bitcoin USD

    71,293.83
    +2,231.24 (+3.23%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,964.68
    +32.70 (+0.41%)
     
  • Nikkei 225

    40,168.07
    -594.66 (-1.46%)
     

IAMGOLD Corporation (TSE:IMG) Insiders Have Been Selling

We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is that there are more than a few examples of insiders dumping stock prior to a period of weak performance. So before you buy or sell IAMGOLD Corporation (TSE:IMG), you may well want to know whether insiders have been buying or selling.

What Is Insider Selling?

Most investors know that it is quite permissible for company leaders, such as directors of the board, to buy and sell stock in the company. However, rules govern insider transactions, and certain disclosures are required.

We would never suggest that investors should base their decisions solely on what the directors of a company have been doing. But logic dictates you should pay some attention to whether insiders are buying or selling shares. As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.

View our latest analysis for IAMGOLD

IAMGOLD Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the Executive VP & COO, Peter Stothart, sold CA$215k worth of shares at a price of CA$3.83 per share. That means that an insider was selling shares at slightly below the current price (CA$4.90). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that this sale looks to have been a sale to cover tax obligations, and may not reflect a voluntary sale on part of the executive. This single sale was just 20% of Peter Stothart's stake.

Over the last year, we note insiders sold 77118 shares worth CA$315k. In the last year IAMGOLD insiders didn't buy any company stock. You can see a visual depiction of insider transactions (by 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!

TSX:IMG Recent Insider Trading, November 6th 2019
TSX:IMG Recent Insider Trading, November 6th 2019

For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Does IAMGOLD Boast High Insider Ownership?

Many investors like to check how much of a company is owned by 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. Insiders own 0.6% of IAMGOLD shares, worth about CA$13m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At IAMGOLD Tell Us?

There haven't been any insider transactions in the last three months -- that doesn't mean much. Our analysis of IAMGOLD insider transactions leaves us cautious. The modest level of insider ownership is, at least, some comfort. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity 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.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.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. Thank you for reading.

Advertisement