Have Insiders Sold Barrick Mining Shares Recently?
Some Barrick Mining Corporation (TSE:ABX) shareholders may be a little concerned to see that the Senior EVP & CFO, Graham Shuttleworth, recently sold a substantial CA$6.4m worth of stock at a price of CA$63.62 per share. That’s a big disposal, and it decreased their holding size by 17%, which is notable but not too bad.
Barrick Mining Insider Transactions Over The Last Year
In fact, the recent sale by Senior EVP & CFO Graham Shuttleworth was not their only sale of Barrick Mining shares this year. Earlier in the year, they fetched CA$50.50 per share in a -CA$10m sale. That means that an insider was selling shares at slightly below the current price (CA$65.32). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. While insider selling is not a positive sign, we can’t be sure if it does mean insiders think the shares are fully valued, so it’s only a weak sign. We note that the biggest single sale was only 27% of Graham Shuttleworth’s holding.
In the last twelve months insiders purchased 1.07m shares for CA$32m. But they sold 637.12k shares for CA$32m. In total, Barrick Mining insiders bought more than they sold over the last year. Their average price was about CA$30.05. It is certainly positive to see that insiders have invested their own money in the company. But we must note that the investments were made at well below today’s share price. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Check out our latest analysis for Barrick Mining
Barrick Mining is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying.
Does Barrick Mining Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Barrick Mining insiders own 0.3% of the company, currently worth about CA$330m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Does This Data Suggest About Barrick Mining Insiders?
The recent insider purchases are heartening. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest Barrick Mining insiders are well aligned, and quite possibly think the share price is too low. One for the watchlist, at least! If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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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.
