Insider Spends US$98k Buying More Shares In i-80 Gold

Even if it's not a huge purchase, we think it was good to see that Matthew Gollat, the Executive Vice-President of Business & Corporate Development of i-80 Gold Corp. (TSE:IAU) recently shelled out CA$98k to buy stock, at CA$1.86 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 28%.

View our latest analysis for i-80 Gold

i-80 Gold Insider Transactions Over The Last Year

The CEO & Director Ewan Downie made the biggest insider purchase in the last 12 months. That single transaction was for CA$297k worth of shares at a price of CA$2.70 each. That means that even when the share price was higher than CA$1.83 (the recent price), an insider wanted to purchase shares. Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.

In the last twelve months i-80 Gold insiders were buying shares, but not selling. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

i-80 Gold 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 i-80 Gold

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that i-80 Gold insiders own 2.8% of the company, worth about CA$15m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

What Might The Insider Transactions At i-80 Gold Tell Us?

It is good to see recent purchasing. 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. Insiders likely see value in i-80 Gold shares, given these transactions (along with notable insider ownership of 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. Every company has risks, and we've spotted 2 warning signs for i-80 Gold (of which 1 shouldn't be ignored!) you should know about.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.