I know AEM is one of the most frequently mentioned gold stocks when you are asked for a recommendation in that sector. But since October, the price of gold has essentially been going in a straight line up and to the right yet there has been no insider buying at AEM. What are we missing as it seems to be a non performer!
Insiders can be restricted at times, based on corporate activity and earnings releases. AEM is buying part of Yamana and this likely restricts executives. We note insider ownership has increased nearly 5% (not five percentage points) in the past six months. The stock is up 8% YTD and 28% in a year. We like its safe jurisdictions and conservative approach. (5iResearch)