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Insider Buying: The Boliden AB (publ) (STO:BOL) President of Boliden Mines Just Bought kr138k Worth Of Shares

Simply Wall St

Even if it's not a huge purchase, we think it was good to see that Stefan Romedahl, the President of Boliden Mines of Boliden AB (publ) (STO:BOL) recently shelled out kr138k to buy stock, at kr230 per share. Even though that isn't a massive buy, it did increase their holding by 150%, which is a arguably a good sign.

See our latest analysis for Boliden

Boliden Insider Transactions Over The Last Year

President & CEO Mikael Staffas made the biggest insider purchase in the last 12 months. That single transaction was for kr631k worth of shares at a price of kr210 each. That implies that an insider found the current price of kr230 per share to be enticing. That means they have been optimistic about the company in the past, though they may have changed their mind. 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. In this case we're pleased to report that the insider purchases were made at close to current prices.

While Boliden insiders bought shares last year, they didn't sell. They paid about kr238 on average. I'd consider this a positive as it suggests insiders see value at around the current price. The chart below shows insider transactions (by individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

OM:BOL Recent Insider Trading, February 19th 2020
OM:BOL Recent Insider Trading, February 19th 2020

Boliden is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.

Insider Ownership of Boliden

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. From looking at our data, insiders own kr19m worth of Boliden stock, about 0.03% of the company. I generally like to see higher levels of ownership.

What Might The Insider Transactions At Boliden Tell Us?

The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. Given that insiders also own a fair bit of Boliden we think they are probably pretty confident of a bright future. Therefore, you should should definitely take a look at this FREE report showing analyst forecasts for Boliden.

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.

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.

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. Thank you for reading.