Yahoo Finance Independent Chairman Timothy Baker Just Bought 4.7% More Shares In Golden Star Resources Ltd. (TSE:GSC)
Even if it's not a huge purchase, we think it was good to see that Timothy Baker, the Independent Chairman of Golden Star Resources Ltd. (TSE:GSC) recently shelled out CA$20k to buy stock, at CA$6.29 per share. However, it only increased their shares held by 4.7%, and it wasn't a huge purchase by absolute value, either.
Check out our latest analysis for Golden Star Resources
The Last 12 Months Of Insider Transactions At Golden Star Resources
Over the last year, we can see that the biggest insider purchase was by President Andrew Wray for CA$159k worth of shares, at about CA$4.24 per share. Even though the purchase was made at a significantly lower price than the recent price (CA$6.08), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
In the last twelve months Golden Star Resources insiders were buying shares, but not selling. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Golden Star Resources is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
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. We usually like to see fairly high levels of insider ownership. From looking at our data, insiders own CA$2.7m worth of Golden Star Resources stock, about 0.4% of the company. But they may have an indirect interest through a corporate structure that we haven't picked up on. We prefer to see high levels of insider ownership.
So What Does This Data Suggest About Golden Star Resources Insiders?
Our data shows a little insider buying, but no selling, in the last three months. The net investment is not enough to encourage us much. But insiders have shown more of an appetite for the stock, over the last year. We'd like to see bigger individual holdings. However, we don't see anything to make us think Golden Star Resources insiders are doubting the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Golden Star Resources. In terms of investment risks, we've identified 1 warning sign with Golden Star Resources and understanding this should be part of your investment process.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.
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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