Chairman & CEO Robert Wares Just Bought 1.1% More Shares In Osisko Metals Incorporated (CVE:OM)

Potential Osisko Metals Incorporated (CVE:OM) shareholders may wish to note that the Chairman & CEO, Robert Wares, recently bought CA$155k worth of stock, paying CA$0.44 for each share. Although the purchase only increased their holding by 1.1%, it is still a solid purchase in our view.

See our latest analysis for Osisko Metals

Osisko Metals Insider Transactions Over The Last Year

Notably, that recent purchase by Chairman & CEO Robert Wares was not the only time they bought Osisko Metals shares this year. Earlier in the year, they paid CA$0.48 per share in a CA$600k purchase. So it's clear an insider wanted to buy, even at a higher price than the current share price (being CA$0.44). It's very possible they regret the purchase, but it's more likely they are bullish about the company. To us, it's very important to consider the price insiders pay for shares is very important. Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price.

Happily, we note that in the last year insiders paid CA$2.9m for 6.91m shares. On the other hand they divested 200.00k shares, for CA$89k. Overall, Osisko Metals insiders were net buyers during the last year. They paid about CA$0.41 on average. These transactions show that insiders have confidence to invest their own money in the stock, albeit at slightly below the recent price. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

Osisko Metals is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Does Osisko Metals Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 20% of Osisko Metals shares, worth about CA$16m. 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 Does This Data Suggest About Osisko Metals Insiders?

It is good to see the recent insider purchase. And the longer term insider transactions also give us confidence. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. Given that insiders also own a fair bit of Osisko Metals we think they are probably pretty confident of a bright future. 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. Be aware that Osisko Metals is showing 3 warning signs in our investment analysis, and 1 of those makes us a bit uncomfortable...

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, but not derivative transactions.

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