Over the last year, a good number of insiders have significantly increased their holdings in Barrick Gold Corporation (TSE:ABX). This is encouraging because it indicates that insiders are more optimistic about the company’s prospects.
Although we don’t think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
Check out our latest analysis for Barrick Gold
Barrick Gold Insider Transactions Over The Last Year
The President, Dennis Bristow, made the biggest insider sale in the last 12 months. That single transaction was for CA$4.9m worth of shares at a price of CA$23.15 each. That means that an insider was selling shares at slightly below the current price (CA$24.63). As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. While…
