Over the past month, we have seen an increase in insider buying in the Canadian gold and natural resources sector of the market as well as in the financial industry. You can view all of the Canadian insider transactions occurring over the past month here.
Premier Gold Mines (TSX:PG)
In the past month three directors of the company have made four different insider buys. These buys come as the gold market has dwindled and Premier Gold Mines share price is sits at the lowest it’s been since 2009.
Director Ewan Downie made two different buys coming on July 10and 15. The director purchased a total of 25,000 shares at an average price of $1.725 per share. These buys cost the director a total of $43,125. Since his most recent buy, the price per share has increased approximately 21.71%. Downie now holds on to a total of 3,155,601 shares of Premier stock.
Director Ebe Scherkus purchased 10,000 shares of Premier Gold Mines stock on July 11. These shares traded at an average price of $1.81 per share. Scherkus spent a total of $18,104 on this buy. Since his transaction, the price per share has increased 17.65%. Scherkus now holds on to a total of 300,000 shares of company stock.
Lastly, Jean-Pierre Colin bought a total of 20,000 shares valued at $1.68 per share. This cost the director at total of $33,600 for the transaction. Since his buy, the share price has increased approximately 26.79%.
Premier is a North American focused exploration and development company with multiple gold projects located in proven mining districts throughout North America. The company is fully financed and its property portfolio includes significant assets in Red Lake and Gerldton in Ontario and the Battle Mountain Trend in Nevada.
Premier Gold Mines’ historical price, revenue and net income:
Premier Gold Mines has a market cap of $276.719 million. Its shares are currently being traded at around $2.13 with a P/E ratio of 28.99, a P/S ratio of 204.00 and a P/B ratio of 0.78.
There are currently no gurus that hold positions in TSX:PG.
Canaccord Financial (TSX:CF)
Over the past month Canaccord Financial has noted two insider buys coming from Senior VP of Legal Affairs Martin MacLachlan. MacLachlan purchased a total of 1,599 shares at an average price of $5.30. These transactions cost him a total of $8,474.70. Since then, the price has increased 18.87%. MacLachlan currently owns at least 12,670 shares of company stock.
More impressive than its insider buys, is the rate at which the company is buying back its shares. Over the past month the company has made five buyback transactions, purchasing a total of 162,968 shares in the price range of $5.33 to $5.80 per share.
Canaccord is an independent, full-service financial services firm, with operations in two principal segments of the securities industry: wealth management and global capital markets.
Canaccord’s historical price, revenue and net income:
Canaccord Financial has a market cap of $643.01 million. Its shares are currently being traded at around $6.30 with a P/E ratio of 0.40, a P/S ratio of 0.81 and a P/B ratio of 0.76.
Canaccord Financial is a dividend paying company. Its current yield is 3.17%. You can view Canaccord’s full dividend data here.
There are currently no gurus that hold a position in Canaccord Financial.
Dalradian Resources (TSX:DNA)
As Dalradian Resources’ price has dwindled down to a three-year low, the amount of insiders purchasing shares has significantly increased. During the past month three insiders have made five buys of Dalradian stock.
Director Thomas Obradovich made two transactions, purchasing a total of 6,500 shares of company stock. These shares traded at an average price of $0.57 per share, costing the director a total of $4,265. Since his buy, the price per share has dropped approximately 1.75%.
Director Ronald Gagel added 50,000 shares to his holdings at an average price of $0.57 per share. This cost the director a total of $28,500. Since his buy, the share price has dropped an additional 1%. Gagel currently holds 100,000 shares of Dalradian stock.
CEO and Director Patrick Anderson made the most significant insider trades, making two different transactions and adding a total of 108,000 shares to his position. Anderson purchased these shares at an average price of $0.59 per share. These buys cost the CEO a total of $63,201.
Dalradian Resources is a gold and silver exploration and development company. The company is also involved in the acquisition, exploration and development of mineral properties in Northern Ireland and Norway.
Dalradian Resources’ historical price:
Dalradian recently announced that they would be switching around their board of directors. The company brought on two new directors at the close of June and released one for health reasons in the beginning of July. The company also recently released a statement reporting high grade gold from their 2013 drill campaign in Northern Ireland.
Dalradian has a market cap of $50.1441 million. Its shares are currently being traded at around $0.56 per share.
Canadian Tire Corp (TSX:CTC.A)
Canadian Tire Corp has continued their strong history of insider buying this month. Several insiders have continued buying as the share price continues to exceed its previous five-year high.
The three insiders buying shares were 10% Security Holder Hugh Lynar, Senior VP, Secretary and General Counsel Robyn Collver and Executive VP and CFO Dean McCann.
The three insiders each bought a total of 5,883 shares in the price range of $81.70 to $82.25 per share. These transactions cost them each a total of $482,289. The share price has jumped approximately 2% since these buys. All three of these insiders now hold at least 807,169 shares of Canadian Tire stock.
Canadian Tire Corporation is a family of companies that includes Canadian Tire Retail, Partsource, Gas+, FGL Sports (Sport Chek, Hockey Experts, Sports Experts, National Sports, Intersport and Atmosphere), Mark’s and Canadian Tire Financial Services.
Canadian Tire Corporation’s historical price, revenue and net income:
The Peter Lynch Chart shows that Canadian Tire appears to be undervalued:
The analysis on the company reports:
· The operating margin has been a 5-year decline. The average rate of decline per year is -1.6%.
· The price is nearing a 5-year high.
· The P/S ratio is near a 5-year high of 0.7.
· The company has shown predictable revenue and earnings growth.
Canadian Tire Corp has a market cap of $6.47 billion. Its shares are currently trading at around $83.79 with a P/E ratio of 13.66, a P/S ratio of 0.60 and a P/B ratio of 1.62. The company had an annual average earnings growth of 5% over the past 10 years. GuruFocus rated Canadian Tire the business predictability rank of 4-star.
The Leith Wheeler Canadian Equity Fund holds 732,700 shares of Canadian Tire, representing 0.9% of the company’s shares outstanding and 3.46% of the fund’s total portfolio holdings.
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- CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
- Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
- Double Buys:: Companies that both Gurus and Insiders are buying
- Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.