The CEO & President of Lundin Mining Corporation (TSE:LUN), Peter Rockandel, Just Bought 111% More Shares

Investors who take an interest in Lundin Mining Corporation (TSE:LUN) should definitely note that the CEO & President, Peter Rockandel, recently paid CA$9.08 per share to buy CA$454k worth of the stock. That certainly has us anticipating the best, especially since they thusly increased their own holding by 111%, potentially signalling some real optimism.

View our latest analysis for Lundin Mining

Lundin Mining Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the insider, Stephen Gatley, for CA$2.8m worth of shares, at about CA$15.08 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is CA$9.54. So it may not tell us anything about how insiders feel about the current share price.

Over the last year, we can see that insiders have bought 109.50k shares worth CA$1.0m. But insiders sold 402.45k shares worth CA$5.9m. Over the last year we saw more insider selling of Lundin Mining shares, than buying. 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!

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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. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Lundin Mining insiders own 0.5% of the company, worth about CA$35m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The Lundin Mining Insider Transactions Indicate?

It's certainly positive to see the recent insider purchases. But we can't say the same for the transactions over the last 12 months. The more recent transactions are a positive, but Lundin 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 Lundin Mining. At Simply Wall St, we've found that Lundin Mining has 2 warning signs (1 is a bit concerning!) that deserve your attention before going any further with your analysis.

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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, but not derivative transactions.

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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.