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Whilst it may not be a huge deal, we thought it was good to see that the Los Andes Copper Ltd. (CVE:LA) Non-Executive Director, Warren Philip Gilman, recently bought CA$58k worth of stock, for CA$11.00 per share. That purchase might not be huge but it did increase their holding by 13%.
See our latest analysis for Los Andes Copper
Los Andes Copper Insider Transactions Over The Last Year
In fact, the recent purchase by Warren Philip Gilman was the biggest purchase of Los Andes Copper shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, at around the current price, which is CA$11.00. 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. We do always like to see insider buying, but it is worth noting if those purchases were made at well below today's share price, as the discount to value may have narrowed with the rising price. Happily, the Los Andes Copper insider decided to buy shares at close to current prices. Warren Philip Gilman was the only individual insider to buy shares in the last twelve months.
You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
Los Andes Copper is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Insider Ownership of Los Andes Copper
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. From looking at our data, insiders own CA$1.4m worth of Los Andes Copper stock, about 0.5% of the company. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. I generally like to see higher levels of ownership.
So What Does This Data Suggest About Los Andes Copper Insiders?
It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But on the other hand, the company made a loss during the last year, which makes us a little cautious. While the overall levels of insider ownership are below what we'd like to see, the history of transactions imply that Los Andes Copper insiders are reasonably well aligned, and optimistic for the future. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To that end, you should learn about the 2 warning signs we've spotted with Los Andes Copper (including 1 which is concerning).