Former Barrick Gold CEO scores with agriculture and bank bets

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Former Barrick Gold (Mostly Sunny; ABX) CEO and current Nutrien (Mostly Sunny; NTR) director Aaron Regent made a half million dollar bet on Nutrien stock December 27th. That investment is already up almost 10% in just 6 weeks.

Click for larger

The returns were helped Thursday when the agricultural chemicals stock jumped 1.6% after the company reported Q4 results. Although the quarter, which generated US$0.54 cents in adjusted earnings, missed the Investing.com consensus of $US0.56, investors cheered 2019 guidance. The company's midpoint expectation for adjusted full-year EPS is US$3.00, up from 2018 reported adjusted EPS of $US2.69.

Aaron Regent (Source: SEC)

On the same day as his Nutrien purchase, Mr. Regent also boosted his stake in the Bank of Nova Scotia (Mostly Sunny; BNS) where he is also a director. That trade was also worth about half a million dollars and is also up about 10%. The BNS will report Q1 earnings on February 26th.

While Mr. Regent's recent insider purchases are in the soft areas of agriculture and financials, he has not given up on the hard asset world of mining by any stretch. He is currently the CEO of Niobec Inc., a privately held niobium mining company located in Quebec.

This post first appeared on INKResearch.com.

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).