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Gold.com director Benjamin sells $1.39 million in stock

Gold.com director Benjamin sells $1.39 million in stock

Investing.comInvesting.com2026/03/10 17:33
By:Investing.com

Director Jeffrey D. Benjamin of Gold.com, Inc. (NASDAQ:GOLD) recently sold 27,618 shares of common stock for a total of $1.39 million. The sales occurred in two separate transactions at weighted average prices ranging from $50.1677 to $53.0273. The timing follows a challenging week for the stock, which has declined 11% over the past seven days despite delivering an impressive 88% return over the past year.

On March 6, 2026, Benjamin sold 2,935 shares at an average price of $53.0273. Following this, on March 9, 2026, he sold 24,683 shares at an average price of $50.1677.

After these transactions, Benjamin directly owns 502,506 shares. He also indirectly owns 691,000 shares through the Jeffrey D. Benjamin 2012 Family Trust and 49,240 shares through his spouse’s 2012 Family Trust. The $1.47 billion company currently trades near $52.32, and according to analysis, appears overvalued relative to its Fair Value estimate. Investors seeking deeper insights can access 12 additional Tips and comprehensive analysis through the platform’s Pro Research Report, available for GOLD and other US equities.

In other recent news, Gold.com, Inc. has entered into a Securities Purchase Agreement with TPM, S.A. de C.V., an affiliate of Tether Global Investments Fund, for a $150 million private placement of common stock. TPM will acquire 3,370,787 shares at $44.50 per share, which is an 11.9% discount to the 10-day volume weighted average price. Meanwhile, Barrick Gold Corp. exceeded consensus estimates for its second quarter of 2026, with higher-than-expected revenues, EBIT, and EBITDA, driven by increased demand and prices. Following this performance, DA Davidson raised its price target for Barrick Gold to $60 while maintaining a Buy rating.

Gold.com also received positive attention from analysts at DA Davidson, who increased their price target to $53 from $45, citing rising spot prices for gold and silver and increased market volatility. The Buy rating for Gold.com was maintained, reflecting confidence in the company’s prospects amid strengthening precious metals markets. Additionally, DA Davidson reiterated a Buy rating for Barrick Gold, noting the company’s benefit from widening spreads between retail and wholesale pricing for gold and silver. These developments highlight significant investor interest and analyst confidence in both Gold.com and Barrick Gold.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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