Executive Vice President of Public Affairs Pascal Bernasconi Sold A Bunch Of Shares In Endeavour Mining

We wouldn't blame Endeavour Mining plc (TSE:EDV) shareholders if they were a little worried about the fact that Pascal Bernasconi, the Executive Vice President of Public Affairs recently netted about CA$1.8m selling shares at an average price of CA$39.24. That diminished their holding by a very significant 88%, which arguably implies a strong desire to reallocate capital.

We've discovered 2 warning signs about Endeavour Mining. View them for free.

The Last 12 Months Of Insider Transactions At Endeavour Mining

Over the last year, we can see that the biggest insider sale was by the insider, Mark Morcombe, for CA$2.6m worth of shares, at about CA$33.10 per share. That means that an insider was selling shares at slightly below the current price (CA$38.42). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. 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. It is worth noting that this sale was 51% of Mark Morcombe's holding.

Over the last year, we can see that insiders have bought 23.50k shares worth CA$723k. But they sold 384.77k shares for CA$13m. In total, Endeavour Mining insiders sold more than they bought over the last year. 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!

View our latest analysis for Endeavour Mining

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Does Endeavour Mining Boast High Insider Ownership?

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It's great to see that Endeavour Mining insiders own 6.5% of the company, worth about CA$606m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.

What Might The Insider Transactions At Endeavour Mining Tell Us?

The insider sales have outweighed the insider buying, at Endeavour Mining, in the last three months. Despite some insider buying, the longer term picture doesn't make us feel much more positive. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. 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 2 warning signs for Endeavour Mining and we suggest you have a look.

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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.