Barrick Mining Group Sustainability Executive Grant Beringer Sells 26% Of Holding

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.

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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 tell us much about what they think of current prices.

Happily, we note that in the last year insiders paid CA$31m for 1.20m shares. But insiders sold 129.72k shares worth CA$4.4m. In total, Barrick Mining insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

View our latest analysis for Barrick Mining

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are 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 0.8% of the company, currently worth about CA$615m based on the recent share price. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About Barrick Mining Insiders?

Insiders sold Barrick Mining shares recently, but they didn't buy any. On the other hand, the insider transactions over the last year are encouraging. We are also comforted by the high levels of insider ownership. So the recent selling doesn't worry us. While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. At Simply Wall St, we found 1 warning sign for Barrick Mining that deserve your attention before buying any shares.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

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.