Monday, March 1, 2010

Insiders Buying Barrick Gold (NYSE:ABX)

Barrick Gold Insiders Buying

If the actions by some of Barrick Gold (NYSE:ABX) executives last week are an accurate measure, than there is a strong possibility they feel their company is undervalued and there is room for the share price to move up.

Two major company insiders bought shared in Barrick Gold last week, including CEO Aaron Regent and chairman of the board, Peter Munk.

Munk acquired 38,500 shares, while Regent acquired 25,000 shares. Munk bought at a little better price, paying $39.32 for his shares, while Regent ended up paying $39.64 a share.

Barrick Gold Insiders Buying

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