It can be useful for investors to keep an eye on which shares have experienced meaningful insider buying.
That's because insider buying is often regarded as a bullish indicator, as few people know a company and its intrinsic value better than its own directors. If they are buying, it suggests that they are confident in the direction the company is heading.
With that in mind, listed below are three ASX 200 mining shares that have reported meaningful insider buying recently. They are as follows:
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BHP Group Ltd (ASX: BHP)
Last week, BHP's independent non-executive director, Michelle Hinchliffe, snapped up 1,599 shares in the mining giant through an on-market trade. The release notes that Hinchliffe paid an average of $43.77 per share, which equates to a total consideration of $69,988.23.
This increased the director's holding in the Big Australian to 10,107 shares.
Fortescue Ltd (ASX: FMG)
According to a change of director's interest notice, Fortescue's non-executive director, Dr Larry Marshall, dipped into the market last week to purchase his first shares since joining the ASX 200 mining share in August last year.
Dr Marshall bought 1,900 shares through an on-market trade for a total consideration of $50,519.73. This represents an average purchase price of approximately $26.59.
Lynas Rare Earths Ltd (ASX: LYC)
Finally, another change of director's interest notice reveals that one of this rare earths producer's non-executive directors has been buying shares.
The release notes that John Beevers picked up 27,787 units in the ASX 200 mining share on 29 February. The director paid an average of $5.83 per share, which equates to a total consideration of approximately $162,000.
This was the director's first purchase of Lynas shares since joining the company in May last year.
