Trade Alert: Executive Vice President of Public Affairs Of Endeavour Mining Pascal Bernasconi Has Sold Stock

Some Endeavour Mining plc (TSE:EDV) shareholders may be a little concerned to see that the Executive Vice President of Public Affairs, Pascal Bernasconi, recently sold a substantial CA$984k worth of stock at a price of CA$32.81 per share. Probably the most concerning element of the whole transaction is that the disposal amounted to 61% of their entire holding.

Check out our latest analysis for Endeavour Mining

Endeavour Mining Insider Transactions Over The Last Year

In fact, the recent sale by Executive Vice President of Public Affairs Pascal Bernasconi was not their only sale of Endeavour Mining shares this year. They previously made an even bigger sale of -CA$1.6m worth of shares at a price of CA$31.09 per share. That means that an insider was selling shares at slightly below the current price (CA$32.14). 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. However, while insider selling is sometimes discouraging, it's only a weak signal. We note that the biggest single sale was 51% of Pascal Bernasconi's holding.

In the last twelve months insiders purchased 76.32k shares for CA$2.1m. On the other hand they divested 153.00k shares, for CA$4.8m. All up, insiders sold more shares in Endeavour Mining 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!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership Of Endeavour 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. It's great to see that Endeavour Mining insiders own 6.6% of the company, worth about CA$514m. 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?

Unfortunately, there has been more insider selling of Endeavour Mining stock, than buying, in the last three months. Zooming out, the longer term picture doesn't give us much comfort. It is good to see high insider ownership, but the insider selling leaves us cautious. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Endeavour Mining. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Endeavour Mining.

Of course Endeavour Mining may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

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.