In the last year, multiple insiders have substantially increased their holdings of Lundin Mining Corporation (TSE:LUN) stock, indicating that insiders’ optimism about the company’s prospects has increased.
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 Lundin Mining
The Last 12 Months Of Insider Transactions At Lundin Mining
The Chairman of the Board Adam Lundin made the biggest insider purchase in the last 12 months. That single transaction was for CA$993k worth of shares at a price of CA$13.23 each. That implies that an insider found the current price of CA$13.84 per share to be enticing. While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company’s future. …
