Senior Vice President of Technical Services Christopher Bostwick Sold A Bunch Of Shares In Alamos Gold

Some Alamos Gold Inc. (TSE:AGI) shareholders may be a little concerned to see that the Senior Vice President of Technical Services, Christopher Bostwick, recently sold a substantial CA$2.4m worth of stock at a price of CA$40.38 per share. Probably the most concerning element of the whole transaction is that the disposal amounted to 61% of their entire holding.

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The Last 12 Months Of Insider Transactions At Alamos Gold

Notably, that recent sale by Christopher Bostwick is the biggest insider sale of Alamos Gold shares that we've seen in the last year. That means that an insider was selling shares at slightly below the current price (CA$41.84). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. This single sale was 61% of Christopher Bostwick's stake.

In total, Alamos Gold insiders sold more than they bought over 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!

See our latest analysis for Alamos Gold

I will like Alamos Gold better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Does Alamos Gold Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Alamos Gold insiders own about CA$48m worth of shares. That equates to 0.3% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Alamos Gold Tell Us?

Insiders sold Alamos Gold shares recently, but they didn't buy any. Despite some insider buying, the longer term picture doesn't make us feel much more positive. On the plus side, Alamos Gold makes money, and is growing profits. Insiders own shares, but we're still pretty cautious, given the history of sales. So we'd only buy after careful consideration. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Alamos Gold. At Simply Wall St, we found 1 warning sign for Alamos Gold that deserve your attention before buying any shares.

But note: Alamos Gold 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 of direct interests only, but not derivative transactions or indirect interests.

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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.