Some Barrick Mining Corporation (TSE:ABX) shareholders may be a little concerned to see that the Group Sustainability Executive, Grant Beringer, recently sold a substantial CA$1.6m worth of stock at a price of CA$41.14 per share. That sale reduced their total holding by 26% which is hardly insignificant, but far from the worst we’ve seen.
The Last 12 Months Of Insider Transactions At Barrick Mining
In the last twelve months, the biggest single purchase by an insider was when President Dennis Bristow bought CA$5.9m worth of shares at a price of CA$25.72 per share. Even though the purchase was made at a significantly lower price than the recent price (CA$48.06), we still think insider buying is a positive. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn’t…
