The last week in Canadian insider trades we saw a noticeable
increase in insider buying from company executives in the mineral
and natural resources industries as well as the banking industry.
The biggest insider sells in Canada came from the energy
industry. Canadian corporate executives are required to report
their insider activity by Tuesday of the next week. This differs
from the U.S. where insider activity is required to be reported
to the SEC within two days.
The Canadian Stock Exchange goes by the name Toronto Stock
Notable Canadian Insider Buys:
Toronto-Dominion Bank (
Director John Bragg bought a total of 25,665 shares of
Toronto-Dominion on March 6. Bragg purchased 11,665 shares for
$85.97 each; he purchased another 14,000 for $85.47 each. Bragg's
transaction amount was $2,199,420. After this purchase John Bragg
now holds on to 190,795 shares.
Toronto-Dominion Bank and its subsidiaries are known as the TD
Bank Financial Group. TD Bank Financial Group serves four key
business aspects which includes Canadian personal and commercial
banking, wealth management, investment and American personal and
commercial banking. Toronto-Dominion Bank has a market cap of
Toronto-Dominion is held by Canadian Gurus:
Signature Select Canadian Fund
Leith Wheeler Canadian Equity
(1,231,200 shares), and
Mawer Canadian Equity Fund
With its shares down 0.81%, TSX:TD trades at $84.23.
You can view more Toronto-Dominion Bank insider trades here.
Russel Metals Inc. (TSX:RUS)
President and CEO Brian Hedges invested over a million dollars
into his company on March 11. Hedges bought 38,767 shares at
$6.41 each for a total of $769,137; he also added 31,233 more
shares to his stake at $16.58 per share for a total of $517,843.
Hedges total transaction amount was $1,286,980.
Russel Metals is a metals distribution and processing company
based out Mississauga, Ontario. The company primarily distributes
steel products and conducts its distribution in three main
business segments: metals service centers, energy tubular
products and steel distributors. Russel Metals has a market cap
of $1.7 billion.
Russel Metals is held by one Canadian guru followed by GuruFocus.
The Mawer New Canada Fund owns 67,295 shares.
With its shares down 1.33%, TX:RUS trades at $28.17.
You can view more Russel Metals insider trades here.
IAMGOLD Corp. (TSX:IMG)
IAMGOLD reported three insider buys this past week. The Toronto,
Ontario based company saw insider buys from their CFO as well as
from one director.
- Executive Vice President and CFO, Carol Banducci, bought 60,000
shares at $6.41 per share on March 7. Banducci also added 18,000
shares on March 5. Banducci spent $499,800 on IAMGOLD shares this
week. She now holds on to 105,258 shares of TSX:IMG.
- Senior Vice President of Corporate Affairs, Benjamin Little,
made a smaller investment of 800 shares at $6.45. His transaction
amount for the week was $5160. He now holds on to 8,903 shares.
IAMGOLD is a mid-tier gold producer with five operating gold
mines on three continents. The company also operates one of the
world's top three producers of niobium. IAMGOLD has a market cap
of $2.58 billion.
There are no gurus followed by GuruFocus that hold shares in this
With its shares down 7.92% this afternoon, TSX:IMG trades at
You can view more IAMGOLD insider trades here.
Major Drilling Group International (TSX:MDI)
Major Drilling Group reported two insider buys this week. The
Moncton, New Brunswick based company saw insider buys by its CEO
and President as well as a director.
- On March 7 President and CEO, Francis McGuire, bought 11,200
shares for $8.90 per share. His total transaction amount was
$99,680. McGuire now holds 35,290 shares of Major Drilling.
- Director Janice Rennie also bought shares on March 7. Rennie
added 2,000 shares at $8.91 each for a total amount of $17,820.
Rennie now holds 8,000 shares in Major Drilling.
Major Drilling Group is an international drilling company that
primarily serves the mining industry. Major Drilling works out of
22 countries and has a fleet of 760 active drills. The company
has a market cap of $699.66 million.
There are currently no gurus followed by GuruFocus that own
shares in this company.
With shares down 2%, Major Drilling trades at $8.84.
You can view more Major Drilling insider trades here.
Notable Insider Sells
TransCanada Corp. (
TransCanada had a big week for insider sells. Senior officers
within the company sold 51,500 shares for a total of $2,520,283.
TransCanada is an energy company which operates in two segments,
pipelines and energy. The company has pipelines that span from
Canada, through the U.S., and into Mexico. TransCanada has a
market cap of $34.03 billion.
Two Canadian gurus followed by GuruFocus hold shares in
TransCanada. Signature Select Canadian Fund owns 105,727 shares
of TRP and Leith Wheeler Canadian Equity holds 1,083,600 shares.
With its shares down 1.71%, TransCanada trades at $30.03.
You can view more TransCanada insider trading here.
Trilogy Energy Corp. (TSX:TET)
Trilogy Energy reported three insider sells this week. General
Counsel and Corporate Secretary, Gail Yester, sold 28,800 of her
shares in the company while Director Mitchell Shier sold 2,300 of
his and Director Robert MacDonald sold 4,000 shares.
The three company officials sold 35,100 shares of Trilogy Energy
for a total of $1,072,981.
Trilogy Energy is based out of Calgary, Alberta and is a Canadian
energy corporation that focuses on horizontal drilling and
completion techniques in the oil and gas industry. Trilogy Energy
has a market cap of $3.5 billion.
With its shares down 1.09% this afternoon, Trilogy Energy trades
There are currently no gurus followed by GuruFocus that hold any
shares in this company.
You can view more of Trilogy Energy's insider trades here.
Goldcorp Inc. (
Goldcorp reported eight insider sells for March 8. The company
executives sold a total of 20,097 of company shares for a total
transaction amount of $665,074.
Goldcorp is a gold producer with operations and development
projects throughout the Americas. Based out of Vancouver, British
Columbia, Goldcorp maintains five mines in Canada and the U.S.,
three mines in Mexico, and two in Central and South America.
Goldcorp has a market cap of $26.84 billion.
With its shares up 0.13%, shares for Goldcorp trade at $33.20.
The Signature Select Canadian Fund currently holds 614,600 shares
You can view more of Goldcorp's insider activity here.About
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