It is usually uneventful when a single insider buys stock. However, When quite a few insiders buy shares, as it happened in i-80 Gold Corp.'s (TSE:IAU) case, it's fantastic news for shareholders.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether.

Check out our latest analysis for i-80 Gold

i-80 Gold Insider Transactions Over The Last Year

The CEO & Director, Ewan Downie, made the biggest insider sale in the last 12 months. That single transaction was for CA$255k worth of shares at a price of CA$2.00 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The good news is that this large sale was at well above current price of CA$1.42. So it may not shed much light on insider confidence at current levels. Ewan Downie was the only individual insider to sell shares in the last twelve months. Notably Ewan Downie was also the biggest buyer, having purchased CA$941k worth of shares.

Over the last year, we can see that insiders have bought 545.20k shares worth CA$941k. On the other hand they divested 130.00k shares, for CA$255k. Overall, i-80 Gold insiders were net buyers during the last year. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

i-80 Gold is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.

Does i-80 Gold 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. From our data, it seems that i-80 Gold insiders own 2.4% of the company, worth about CA$13m. We do generally prefer see higher levels of insider ownership.

So What Do The i-80 Gold Insider Transactions Indicate?

It doesn't really mean much that no insider has traded i-80 Gold shares in the last quarter. On a brighter note, the transactions over the last year are encouraging. Insiders own shares in i-80 Gold and we see no evidence to suggest they are worried about the future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing i-80 Gold. To help with this, we've discovered 2 warning signs (1 is concerning!) that you ought to be aware of before buying any shares in i-80 Gold.

But note: i-80 Gold may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.

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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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]