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 Doré Copper Mining Corp. (CVE:DCMC), it sends a favourable message to the company's shareholders.
While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.
See our latest analysis for Doré Copper Mining
The Last 12 Months Of Insider Transactions At Doré Copper Mining
Earlier in the year, President Ernest Mast paid CA$0.58 per share in a CA$95k purchase. So it's clear an insider wanted to buy, even at a higher price than the current share price (being CA$0.32). Their view may have changed since then, but at least it shows they felt optimistic at the time. To us, it's very important to consider the price insiders pay for shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
While Doré Copper Mining insiders bought shares during the last year, they didn't sell. They paid about CA$0.44 on average. I'd consider this a positive as it suggests insiders see value at around the current price. You can see a visual depiction of insider transactions (by companies and 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!
Doré Copper Mining 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.
Doré Copper Mining Insiders Bought Stock Recently
Over the last three months, we've seen a bit of insider buying at Doré Copper Mining. Insiders shelled out CA$43k for shares in that time. It's good to see the insider buying, as well as the lack of recent sellers. However, in this case the amount invested recently is quite small.
Does Doré Copper Mining Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. 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 7.0% of Doré Copper Mining shares, worth about CA$1.6m, according to our data. However, it's possible that insiders might have an indirect interest through a more complex structure. Overall, this level of ownership isn't that impressive, but it's certainly better than nothing!
What Might The Insider Transactions At Doré Copper Mining Tell Us?
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. On a brighter note, the transactions over the last year are encouraging. We'd like to see bigger individual holdings. However, we don't see anything to make us think Doré Copper Mining insiders are doubting the company. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Doré Copper Mining. Every company has risks, and we've spotted 5 warning signs for Doré Copper Mining (of which 2 are a bit unpleasant!) you should know about.
But note: Doré Copper Mining 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.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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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Quite a few insiders invested in Doré Copper Mining Corp. (CVE:DCMC) last year which is positive news for shareholders - Yahoo Finance
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