Rubicon Minerals: 6 Different Insiders Have Purchased Shares This Month

| About: Rubicon Minerals (RBYCF)

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

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Insider buying during the last 30 days

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

Name Title Trade Date Shares Purchased Prospectus Current Ownership Increase In Shares
Daniel Labine VP March 12 25,000 Yes 25,000 shares from 0 to 25,000
Michael Lalonde CEO March 12 100,000 Yes 220,000 shares +83.3%
David Reid Director March 12 25,800 Yes 181,700 shares +16.5%
Peter Rowlandson Director March 12 5,000 Yes 9,000 shares +125.0%
Bruce Thomas Director March 12 50,000 Yes 250,000 shares +25.0%
Michael Winship Director March 12 10,000 Yes 17,500 shares +133.3%
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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.

Month Insider buying / shares Insider selling / shares
March 2014 215,800 0
February 2014 0 0
January 2014 0 0
December 2013 0 0
November 2013 0 0
October 2013 0 0
September 2013 0 0
August 2013 24,000 125,000
July 2013 0 0
June 2013 0 0
May 2013 0 0
April 2013 0 0
March 2013 0 0
February 2013 20,000 0
January 2013 100,000 153,000
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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
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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.

Company RBY GG NGD PVG
Market Cap: 404.34M 23.30B 3.22B 762.98M
Employees: 49 N/A N/A N/A
Qtrly Rev Growth (yoy): N/A N/A -0.21 N/A
Revenue: N/A 3.69B 779.70M N/A
Gross Margin: N/A 0.46 0.47 N/A
EBITDA: -9.12M 1.21B 277.70M -9.23M
Operating Margin: N/A 0.15 0.13 N/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/A 2.87 -5.94 N/A
P/S: N/A 6.30 4.11 N/A
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Rubicon Minerals and Pretium Resources have not entered production yet.

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

Company Insider buying / shares Insider selling / shares
GG 4,112 0
NGD 0 0
PVG 833 0
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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)

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in RBY over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.