Yahoo Finance Jaguar Mining Insiders Placed Bullish Bets Worth US$1.87m
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 Jaguar Mining Inc. (TSE:JAG), 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 do think it is perfectly logical to keep tabs on what insiders are doing.
See our latest analysis for Jaguar Mining
The Last 12 Months Of Insider Transactions At Jaguar Mining
Over the last year, we can see that the biggest insider purchase was by insider Eric Sprott for CA$405k worth of shares, at about CA$2.71 per share. That implies that an insider found the current price of CA$2.96 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. 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 Jaguar Mining insiders bought shares during the last year, they didn't sell. They paid about CA$2.40 on average. To my mind it is good that insiders have invested their own money in the company. But we must note that the investments were made at well below today's share price. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Jaguar Mining Insiders Bought Stock Recently
Over the last three months, we've seen significant insider buying at Jaguar Mining. In total, insiders bought CA$1.7m worth of shares in that time, and we didn't record any sales whatsoever. This makes one think the business has some good points.
Insider Ownership Of Jaguar Mining
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Jaguar Mining insiders own 46% of the company, currently worth about CA$108m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At Jaguar Mining Tell Us?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Jaguar Mining. That's what I like to see! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Jaguar Mining. At Simply Wall St, we found 2 warning signs for Jaguar Mining that deserve your attention before buying any shares.
Of course Jaguar Mining may not be the best stock to buy. So you may wish to see this free collection of high quality 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 of direct interests only, but not derivative transactions or indirect interests.
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.
