Yahoo Finance Pleasing Signs As A Number Of Insiders Buy Centerra Gold Stock \
Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying, like in the case of Centerra Gold Inc. (TSE:CG), it sends a favourable message to the company's shareholders.
Although we don't think shareholders should simply follow insider transactions, logic dictates you should pay some attention to whether insiders are buying or selling shares.
View our latest analysis for Centerra Gold
The Last 12 Months Of Insider Transactions At Centerra Gold
In the last twelve months, the biggest single purchase by an insider was when Director Paul Wright bought CA$261k worth of shares at a price of CA$6.96 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$9.17. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
In the last twelve months insiders purchased 90.50k shares for CA$620k. But they sold 5.00k shares for CA$36k. In the last twelve months there was more buying than selling by Centerra Gold insiders. 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!
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.
Insider Ownership
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. From looking at our data, insiders own CA$3.9m worth of Centerra Gold stock, about 0.2% of the company. We consider this fairly low insider ownership.
So What Does This Data Suggest About Centerra Gold Insiders?
The fact that there have been no Centerra Gold insider transactions recently certainly doesn't bother us. However, our analysis of transactions over the last year is heartening. While we have no worries about the insider transactions, we'd be more comfortable if they owned more Centerra Gold stock. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Centerra Gold. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Centerra Gold.
But note: Centerra 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.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. 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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