Don't Ignore The Fact That This Insider Just Sold Some Shares In Kinross Gold Corporation (TSE:K)

We'd be surprised if Kinross Gold Corporation (TSE:K) shareholders haven't noticed that the Senior Vice President of Investor Relations, Thomas Elliott, recently sold CA$150k worth of stock at CA$9.00 per share. However, the silver lining is that the sale only reduced their total holding by 4.1%, so we're hesitant to read anything much into it, on its own.

View our latest analysis for Kinross Gold

The Last 12 Months Of Insider Transactions At Kinross Gold

In the last twelve months, the biggest single sale by an insider was when the Executive VP & CTO, Paul Botond Tomory, sold CA$391k worth of shares at a price of CA$9.78 per share. That means that an insider was selling shares at around the current price of CA$8.68. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

All up, insiders sold more shares in Kinross Gold 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. By clicking on the graph below, you can see the precise details of each insider transaction!

I will like Kinross Gold better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Does Kinross Gold Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. It appears that Kinross Gold insiders own 0.7% of the company, worth about CA$85m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About Kinross Gold Insiders?

An insider hasn't bought Kinross Gold stock in the last three months, but there was some selling. Despite some insider buying, the longer term picture doesn't make us feel much more positive. But since Kinross Gold is profitable and growing, we're not too worried by this. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We're in no rush to buy! While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For example, Kinross Gold has 2 warning signs (and 1 which is a bit concerning) we think you should know about.

Of course Kinross Gold 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, but not derivative transactions.

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This article by Simply Wall St is general in nature. 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.
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