Bravo Mining Corp. (CVE:BRVO) insiders seem bullish, own 53% and have been buying more recently
In This Article:
Key Insights
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Insiders appear to have a vested interest in Bravo Mining's growth, as seen by their sizeable ownership
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The top 2 shareholders own 58% of the company
To get a sense of who is truly in control of Bravo Mining Corp. (CVE:BRVO), it is important to understand the ownership structure of the business. We can see that individual insiders own the lion's share in the company with 53% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
Notably, insiders have bought shares recently. This might indicate that they expect share prices to rise in the near future.
In the chart below, we zoom in on the different ownership groups of Bravo Mining.
See our latest analysis for Bravo Mining
What Does The Institutional Ownership Tell Us About Bravo Mining?
Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.
Bravo Mining already has institutions on the share registry. Indeed, they own a respectable stake in the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Bravo Mining's earnings history below. Of course, the future is what really matters.
Hedge funds don't have many shares in Bravo Mining. With a 48% stake, CEO Luis de Azevedo is the largest shareholder. With 9.5% and 4.2% of the shares outstanding respectively, BlackRock, Inc. and Franklin Resources, Inc. are the second and third largest shareholders.
After doing some more digging, we found that the top 2 shareholders collectively control more than half of the company's shares, implying that they have considerable power to influence the company's decisions.
While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There is some analyst coverage of the stock, but it could still become more well known, with time.
Insider Ownership Of Bravo Mining
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.