Gold and Precious Metals

This Insider Has Just Sold Shares In Triple Flag Precious Metals

We wouldn’t blame Triple Flag Precious Metals Corp. (TSE:TFPM) shareholders if they were a little worried about the fact that Geoffrey Burns, the Independent Director recently netted about CA$1.4m selling shares at an average price of CA$18.07. However, that sale only accounted for 4.1% of their holding, so arguably it doesn’t say much about their conviction.

See our latest analysis for Triple Flag Precious Metals

Triple Flag Precious Metals Insider Transactions Over The Last Year

Notably, that recent sale by Independent Director Geoffrey Burns was not the only time they sold Triple Flag Precious Metals shares this year. They previously made an even bigger sale of -CA$2.5m worth of shares at a price of CA$18.75 per share. So we know that an insider sold shares at around the present share price of CA$18.19. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.

Over the last year, we can see that insiders have bought 22.10k shares worth CA$382k. On the other hand they divested 452.58k shares, for CA$8.5m. Over the last year we saw more insider selling of Triple Flag Precious Metals shares, than buying. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

TSX:TFPM Insider Trading Volume March 17th 2024

If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.

Insider Ownership Of Triple Flag Precious Metals

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it’s a good sign if insiders own a significant number of shares in the company. Triple Flag Precious Metals insiders own about CA$127m worth of shares. That equates to 3.5% of the company. 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 Triple Flag Precious Metals Insider Transactions Indicate?

The stark truth for Triple Flag Precious Metals is that there has been more insider selling than insider buying in the last three months. And our longer term analysis of insider transactions didn’t bring confidence, either. The company boasts high insider ownership, but we’re a little hesitant, given the history of share sales. In addition to knowing about insider transactions going on, it’s beneficial to identify the risks facing Triple Flag Precious Metals. To assist with this, we’ve discovered 3 warning signs that you should run your eye over to get a better picture of Triple Flag Precious Metals.

If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

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.

Valuation is complex, but we’re helping make it simple.

Find out whether Triple Flag Precious Metals is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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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.

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