Have Insiders Sold First Majestic Silver Shares Recently?

We'd be surprised if First Majestic Silver Corp. (TSE:AG) shareholders haven't noticed that the Founder, Keith Neumeyer, recently sold CA$690k worth of stock at CA$25.87 per share. However, the silver lining is that the sale only reduced their total holding by 0.6%, so we're hesitant to read anything much into it, on its own.

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First Majestic Silver Insider Transactions Over The Last Year

Notably, that recent sale by Founder Keith Neumeyer was not the only time they sold First Majestic Silver shares this year. Earlier in the year, they fetched CA$20.34 per share in a -CA$4.6m sale. That means that even when the share price was below the current price of CA$25.64, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. However, while insider selling is sometimes discouraging, it's only a weak signal. This single sale was just 5.1% of Keith Neumeyer's stake.

Over the last year, we can see that insiders have bought 12.47k shares worth CA$240k. On the other hand they divested 680.02k shares, for CA$16m. Over the last year we saw more insider selling of First Majestic Silver shares, than buying. 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!

See our latest analysis for First Majestic Silver

I will like First Majestic Silver better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Does First Majestic Silver Boast High Insider Ownership?

For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that First Majestic Silver insiders own 1.1% of the company, worth about CA$138m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Do The First Majestic Silver Insider Transactions Indicate?

An insider sold First Majestic Silver shares recently, but they didn't buy any. Zooming out, the longer term picture doesn't give us much comfort. But it is good to see that First Majestic Silver is growing earnings. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. You'd be interested to know, that we found 1 warning sign for First Majestic Silver and we suggest you have a look.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

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.