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Over the last year, a good number of insiders have significantly increased their holdings in Tudor Gold Corp. (CVE:TUD). This is encouraging because it indicates that insiders are more optimistic about the company's prospects.
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 Tudor Gold
The Last 12 Months Of Insider Transactions At Tudor Gold
In the last twelve months, the biggest single purchase by an insider was when insider Eric Sprott bought CA$1m worth of shares at a price of CA$0.90 per share. That means that even when the share price was higher than CA$0.73 (the recent price), an insider wanted to purchase shares. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.
In the last twelve months insiders purchased 1.21m shares for CA$1.1m. But insiders sold 1.00m shares worth CA$880k. In total, Tudor Gold insiders bought more than they sold over the last year. 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. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insiders At Tudor Gold Have Bought Stock Recently
There was some insider buying at Tudor Gold over the last quarter. Independent Director Ronald-Peter Stoeferle bought CA$18k worth of shares in that time. It's great to see that insiders are only buying, not selling. But in this case the amount purchased means the recent transaction may not be very meaningful on its own.
Does Tudor Gold Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Tudor Gold insiders own 18% of the company, worth about CA$29m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.