Rusoro Mining’s significant retail investors ownership suggests that the key decisions are influenced by shareholders from the larger public
The top 5 shareholders own 53% of the company
Insiders have sold recently
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A look at the shareholders of Rusoro Mining Ltd. (CVE:RML) can tell us which group is most powerful. We can see that retail investors own the lion’s share in the company with 38% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
Private companies, on the other hand, account for 36% of the company’s stockholders.
Let’s delve deeper into each type of owner of Rusoro Mining, beginning with the chart below.
See our latest analysis for Rusoro Mining
TSXV:RML Ownership Breakdown October 5th 2025
Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.
Since institutions own only a small portion of Rusoro Mining, many may not have spent much time considering the stock. But it’s clear that some have; and they liked it enough to buy in. If the company is growing earnings, that may indicate that it is just beginning to catch the attention of these deep-pocketed investors. When multiple institutional investors want to buy shares, we often see a rising share price. The past revenue trajectory (shown below) can be an indication of future growth, but there are no guarantees.
TSXV:RML Earnings and Revenue Growth October 5th 2025
We note that hedge funds don’t have a meaningful investment in Rusoro Mining. The company’s largest shareholder is Fulcrum Global Markets LLC, with ownership of 18%. With 13% and 11% of the shares outstanding respectively, SPCP Luxembourg Strategies Sarl and Andrei Agapov are the second and third largest shareholders. Andrei Agapov, who is the third-largest shareholder, also happens to hold the title of Member of the Board of Directors.
Our research also brought to light the fact that roughly 53% of the company is controlled by the top 5 shareholders suggesting that these owners wield significant influence on the business.
While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. Our information suggests that there isn’t any analyst coverage of the stock, so it is probably little known.
The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.
Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.
It seems insiders own a significant proportion of Rusoro Mining Ltd.. Insiders own CA$189m worth of shares in the CA$815m company. We would say this shows alignment with shareholders, but it is worth noting that the company is still quite small; some insiders may have founded the business. You can click here to see if those insiders have been buying or selling.
The general public, who are usually individual investors, hold a 38% stake in Rusoro Mining. While this group can’t necessarily call the shots, it can certainly have a real influence on how the company is run.
It seems that Private Companies own 36%, of the Rusoro Mining stock. It’s hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.
While it is well worth considering the different groups that own a company, there are other factors that are even more important. For instance, we’ve identified 4 warning signs for Rusoro Mining (3 don’t sit too well with us) that you should be aware of.
Of course this may not be the best stock to buy. Therefore, you may wish to see our free collection of interesting prospects boasting favorable financials.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
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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.
