Potential EMX Royalty Corporation (CVE:EMX) shareholders may wish to note that the President, David Cole, recently bought CA$462k worth of stock, paying CA$3.30 for each share. Although the purchase only increased their holding by 6.1%, it is still a solid purchase in our view.
The Last 12 Months Of Insider Transactions At EMX Royalty
Notably, that recent purchase by President David Cole was not the only time they traded EMX Royalty shares this year. Earlier in the year, they sold shares at a price ofCA$4.05 per share in a -CA$597k transaction. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of CA$3.57. So it may not tell us anything about how insiders feel about the current share price.
Over the last year, we can see that insiders have bought 335.60k shares worth CA$1.1m. On the other hand they divested 205.90k shares, for CA$818k. Overall, EMX Royalty insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. 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).
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. It appears that EMX Royalty insiders own 12% of the company, worth about CA$46m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
So What Do The EMX Royalty Insider Transactions Indicate?
The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Given that insiders also own a fair bit of EMX Royalty we think they are probably pretty confident of a bright future. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. You'd be interested to know, that we found 1 warning sign for EMX Royalty and we suggest you have a look.
Of course EMX Royalty 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, but not derivative transactions.
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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