Insider Buys Additional US$559k In Aris Mining Stock

Investors who take an interest in Aris Mining Corporation (TSE:ARIS) should definitely note that the Senior Vice President of Technical Services, Cornelius Lourens, recently paid CA$5.42 per share to buy CA$559k worth of the stock. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

Check out our latest analysis for Aris Mining

The Last 12 Months Of Insider Transactions At Aris Mining

Notably, that recent purchase by Senior Vice President of Technical Services Cornelius Lourens was not the only time they traded Aris Mining shares this year. They previously made a sale of -CA$847k worth of shares at a price of CA$6.22 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. It's of some comfort that this sale was conducted at a price well above the current share price, which is CA$5.25. So it may not shed much light on insider confidence at current levels.

Over the last year, we can see that insiders have bought 240.66k shares worth CA$1.3m. But they sold 359.46k shares for CA$1.9m. All up, insiders sold more shares in Aris Mining 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!

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Insider Ownership Of Aris 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. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 2.7% of Aris Mining shares, worth about CA$25m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Do The Aris Mining Insider Transactions Indicate?

The recent insider purchases are heartening. However, the longer term transactions are not so encouraging. The more recent transactions are a positive, but Aris Mining insiders haven't shown the sustained enthusiasm that we look for, although they do own a decent number of shares, overall. Overall they seem reasonably aligned. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Aris Mining. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Aris Mining.

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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.