Timothy Rupert Goyder Buys 33% More Chalice Mining Shares

Those following along with Chalice Mining Limited (ASX:CHN) will no doubt be intrigued by the recent purchase of shares by insider Timothy Rupert Goyder, who spent a stonking AU$32m on stock at an average price of AU$3.14. Aside from being a solid chunk in its own right, the deft move also saw their holding increase by some 33%.

See our latest analysis for Chalice Mining

Chalice Mining Insider Transactions Over The Last Year

In fact, the recent purchase by Timothy Rupert Goyder was the biggest purchase of Chalice Mining shares made by an insider individual in the last twelve months, according to our records. So it's clear an insider wanted to buy, even at a higher price than the current share price (being AU$2.79). 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. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels. Notably Timothy Rupert Goyder was also the biggest seller.

Happily, we note that in the last year insiders paid AU$35m for 11.13m shares. On the other hand they divested 4.93m shares, for AU$26m. In total, Chalice Mining insiders bought more than they sold over the last year. 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!

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership Of Chalice Mining

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Chalice Mining insiders own about AU$125m worth of shares. That equates to 11% 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 Does This Data Suggest About Chalice Mining Insiders?

It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Chalice Mining. Looks promising! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Chalice Mining. Case in point: We've spotted 3 warning signs for Chalice Mining you should be aware of.

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.

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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.