3 Gold Stocks With Recent Insider Buying (And 3 With Selling)

Summary

• Insider buying (and selling) has picked up at a few gold mining stocks recently.
• Insider buying refers to when insiders of a company (CEOs, directors, or major shareholders) purchase shares of company stock.
• This is generally a positive sign, and insider purchases are often well-timed transactions.
• I break down the insider purchases and sales.

3 Gold Stocks With Recent Insider Buying (And Selling)

Insider buying in the gold mining sector has died down a bit with gold prices surging; however, there are still a few companies whose insiders have been accumulating shares.

I typically provide an update on insider buying in the gold/silver sector every 1-2 months, or when notable purchases occur (subscribers of my marketplace service have early access to these updates). The term "insider buying" means when insiders of a company (CEOs, management and directors, or major shareholders) purchase shares of the company stock on the public market or via a private placement.

It's generally a positive sign because it means insiders are bullish on the company's stock, meaning they believe it is undervalued and will rise.

However, if you follow insider buying, you should also consider the size of the purchases compared to the market cap of the company, the salary of the insider buying the shares, and if the purchase occurred in the public market, or through an option exercise, warrant exercise, or private placement financing.

While it is far from the only thing to consider when evaluating a mining stock, I believe that tracking insider buying regularly has helped me outperform the VanEck Gold Miners Index (GDX) in the past.

Here are 3 gold stocks with recent insider buying, as well as three stocks that have seen insiders take some money off of the table. I've pulled this information from SEDAR (a document filing and retrieval system for Canadian public companies) and CanadianInsider.com.

1. Premier Gold Mines (PIRGF)

Premier Gold Mines is a North-American focused gold company which is currently advancing a portfolio of eight projects, including the 7+ million ounce Greenstone property in a 50/50 JV with Centerra Gold (CAGDF), and two operating mines.

Premier's stock has not

Analyst’s Disclosure:I am/we are long SAND. 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.