Barrick Gold CEO Aaron RegentSTRINGER/CANADA
We have been on the lookout for confirmation from major Canadian precious metal producers that gold stocks may be undervalued from an insider perspective. That confirmation appears to be building. Today, we report that there has been some insider buying at global gold miner Barrick Gold
Chief executive officer Aaron Regent bought 25,000 shares at $39.64 on Wednesday. Meanwhile, on the same day, board chair Peter Munk bought 38,500 shares at an average price of $39.32. Both purchases were in the public market.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. Investments profiled are from a recent edition of the Morning INK report which is distributed daily to subscribers and clients of select financial institutions. INK staff may hold shares in profiled securities.