B2Gold (TSE:BTO) Insider William Lytle Sells 14,089 Shares of Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) insider William Lytle sold 14,089 shares of the stock in a transaction dated Friday, July 3rd. The shares were sold at an average price of C$5.88, for a total value of C$82,843.32. Following the transaction, the insider directly owned 218,475 shares in the company, valued at approximately C$1,284,633. This represents a 6.06% decrease in their position.

B2Gold Stock Down 3.2%

Shares of BTO stock opened at C$5.76 on Tuesday. The stock’s 50 day simple moving average is C$6.21 and its 200 day simple moving average is C$6.58. B2Gold Corp. has a twelve month low of C$4.56 and a twelve month high of C$8.60. The company has a debt-to-equity ratio of 14.16, a quick ratio of 3.33 and a current ratio of 1.19. The company has a market capitalization of C$7.67 billion, a price-to-earnings ratio of 15.16, a PEG ratio of -0.27 and a beta of 1.73.

B2Gold (TSE:BTO) (NYSE:BTG) last announced its earnings results on Wednesday, May 6th. The company reported C$0.26 earnings per share (EPS) for the quarter. B2Gold had a return on equity of 15.70% and a net margin of 14.78%.The firm had revenue of C$1.61 billion during the quarter. As a group, research analysts predict that B2Gold Corp. will post 0.5596659 EPS for the current year.

B2Gold Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Tuesday, June 23rd were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Wednesday, June 10th. B2Gold’s payout ratio is presently 21.05%.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial raised their target price on shares of B2Gold from C$10.00 to C$10.70 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$9.15.

Key Headlines Impacting B2Gold

Here are the key news stories impacting B2Gold this week:

• Neutral Sentiment: Several B2Gold insiders, including directors and executives, sold shares over July 2-3 at prices between C$5.73 and C$5.88. The sales were relatively small individually, but the number of transactions may signal some profit-taking or reduced near-term insider conviction. B2Gold’s new CEO gets his Goose test
• Neutral Sentiment: The Northern Miner article on B2Gold’s new CEO and the “Goose test” points to investor focus on execution at a major project, which could be a near-term catalyst if operations and guidance improve. B2Gold’s new CEO gets his Goose test
• Negative Sentiment: The heavier wave of insider selling, including larger dispositions by Randall Chatwin, William Lytle, and others, may be weighing on sentiment because investors often view clustered insider sales as a cautious signal, even if the shares sold are modest relative to total holdings. B2Gold’s new CEO gets his Goose test

About B2Gold

B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other significant assets include the Gramalote and Kiaka gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. There is no dependence on a particular purchaser because the gold is sold into a global market.