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  5. ABX: Any idea what is happening w/Barrick? [Barrick Gold Corporation]
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Q: Any idea what is happening w/Barrick? What is your interpretation of the fact that a dozen of insiders bought over $10M share at market price last friday. Perhaps my information is wrong...it came from INK research and CEO.

Thanks
Asked by Daniel on March 06, 2024
5i Research Answer:

Gold has broken out somewhat, but gold stocks remain quite weak. There has been some very nice buying by insiders in March. We can't really read much into this other than there is really only one reason to buy. One could speculate on other reasons but it would only be speculation and there is no way to confirm. Insiders have been net buyers over six months. They were likely restricted for a period around the company's recent earnings release.

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