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Summary

  • Six insiders purchased Rubicon Minerals stock within one month.
  • The stock was sold by no insiders in the month of intensive purchasing.
  • All six of these insiders increased their holdings by more than 10%.

Rubicon Minerals Corporation (NYSEMKT:RBY) engages in the acquisition, exploration, and development of gold and base-metal properties in Canada and the United States.

(click to enlarge)

Insider buying during the last 30 days

Here is a table of Rubicon Minerals' insider activity during the last 30 days.

NameTitleTrade DateShares PurchasedProspectusCurrent OwnershipIncrease In Shares
Daniel LabineVPMarch 1225,000Yes25,000 sharesfrom 0 to 25,000
Michael LalondeCEOMarch 12100,000Yes220,000 shares+83.3%
David ReidDirectorMarch 1225,800Yes181,700 shares+16.5%
Peter RowlandsonDirectorMarch 125,000Yes9,000 shares+125.0%
Bruce ThomasDirectorMarch 1250,000Yes250,000 shares+25.0%
Michael WinshipDirectorMarch 1210,000Yes17,500 shares+133.3%

There have been 215,800 shares purchased by insiders during the last 30 days. All these shares were purchased pursuant to a bought deal financing.

Insider buying by calendar month

Here is a table of Rubicon Minerals' insider activity by calendar month.

MonthInsider buying / sharesInsider selling / shares
March 2014215,8000
February 201400
January 201400
December 201300
November 201300
October 201300
September 201300
August 201324,000125,000
July 201300
June 201300
May 201300
April 201300
March 201300
February 201320,0000
January 2013100,000153,000

There have been 359,800 shares purchased, and there have been 278,000 shares sold by insiders since January 2013. The month of March 2014 has seen the most insider buying.

Financials

Rubicon Minerals reported the third-quarter financial results on November 11 with the following highlights:

Revenue$0
Net loss$2.9 million
Cash$100.1 million
Debt$0.3 million

On March 12, Rubicon Minerals closed a $115 million financing.

Outlook

Rubicon Minerals has now secured the construction funding.

(Source: Investor presentation)

Upcoming milestones

Rubicon Minerals is targeting gold production in 2015.

(Source: Investor presentation)

Competition

Rubicon Minerals' competitors in Canada include Goldcorp (NYSE:GG), New Gold (NYSEMKT:NGD), and Pretium Resources (NYSE:PVG). Here is a table comparing these companies.

CompanyRBYGGNGDPVG
Market Cap:404.34M23.30B3.22B762.98M
Employees:49N/AN/AN/A
Qtrly Rev Growth (yoy):N/AN/A-0.21N/A
Revenue:N/A3.69B779.70MN/A
Gross Margin:N/A0.460.47N/A
EBITDA:-9.12M1.21B277.70M-9.23M
Operating Margin:N/A0.150.13N/A
Net Income:-9.25M-2.64B-191.20M-16.90M
EPS:-0.03-3.34-0.39-0.17
PEG (5 yr expected):N/A2.87-5.94N/A
P/S:N/A6.304.11N/A

Rubicon Minerals and Pretium Resources have not entered production yet.

Here is a table of these competitors' insider activities this year.

CompanyInsider buying / sharesInsider selling / shares
GG4,1120
NGD00
PVG8330

Only Rubicon Minerals has seen intensive insider buying during the last 30 days.

Conclusion

There have been six different insiders buying Rubicon Minerals, and there have not been any insiders selling Rubicon Minerals during the last 30 days. All six of these insiders increased their holdings by more than 10%. Rubicon Minerals has an insider ownership of 3.70%.

(Source: Investor presentation)

The six insiders purchased their shares at $1.34 (C$1.49). I believe Rubicon Minerals could be a good pick below $1.35 based on the intensive insider buying.

(Source: Investor presentation)

Source: Rubicon Minerals: 6 Different Insiders Have Purchased Shares This Month