CEO & Director of International Tower Hill Mines Picks Up 14% More Stock
Investors who take an interest in International Tower Hill Mines Ltd. (TSE:ITH) should definitely note that the CEO & Director, David Wiens, recently paid CA$3.33 per share to buy CA$279k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 14%.
International Tower Hill Mines Insider Transactions Over The Last Year
The insider John Paulson made the biggest insider purchase in the last 12 months. That single transaction was for CA$84m worth of shares at a price of CA$3.01 each. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$3.83. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.
International Tower Hill Mines insiders may have bought shares in the last year, but they didn't sell any. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
View our latest analysis for International Tower Hill Mines
International Tower Hill Mines is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket.
Does International Tower Hill Mines Boast High Insider Ownership?
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 9.5% of International Tower Hill Mines shares, worth about CA$96m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Do The International Tower Hill Mines Insider Transactions Indicate?
It's certainly positive to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. But we don't feel the same about the fact the company is making losses. When combined with notable insider ownership, these factors suggest International Tower Hill Mines insiders are well aligned, and that they may think the share price is too low. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing International Tower Hill Mines. Our analysis shows 3 warning signs for International Tower Hill Mines (1 is a bit unpleasant!) and we strongly recommend you look at these before investing.
Of course International Tower Hill Mines may not be the best stock to buy. So you may wish to see this free collection of high quality 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 of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.