Stock Analysis

Have SSR Mining Inc. (TSE:SSRM) Insiders Been Selling Their Stock?

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We note that the SSR Mining Inc. (TSE:SSRM) Executive VP & Chief Corporate Development Officer, F. Farid, recently sold CA$54k worth of stock for CA$18.26 per share. On the bright side, that's just a small sale and only reduced their holding by 3.7%.

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The Last 12 Months Of Insider Transactions At SSR Mining

In the last twelve months, the biggest single sale by an insider was when the President, Rodney Antal, sold CA$640k worth of shares at a price of CA$25.60 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of CA$18.84. So it may not shed much light on insider confidence at current levels.

All up, insiders sold more shares in SSR Mining than they bought, over the last year. They sold for an average price of about US$23.60. We are not joyful about insider selling. But we note that the selling, on average, was at well above the recently traded price of CA$18.84. 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!

TSX:SSRM Insider Trading Volume March 16th 2023

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

Insider Ownership Of SSR 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. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. SSR Mining insiders own about CA$26m worth of shares. That equates to 0.7% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At SSR Mining Tell Us?

Insiders haven't bought SSR Mining stock in the last three months, but there was some selling. And our longer term analysis of insider transactions didn't bring confidence, either. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! 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 5 warning signs for SSR Mining (of which 1 is significant!) you should know about.

But note: SSR Mining may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

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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