B2Gold (TSE:BTO) Insider Sells C$49,874.16 in Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) insider Neil Reeder sold 8,482 shares of the business’s stock in a transaction dated Friday, July 3rd. The stock was sold at an average price of C$5.88, for a total transaction of C$49,874.16. Following the completion of the transaction, the insider owned 10,067 shares of the company’s stock, valued at C$59,193.96. This represents a 45.73% decrease in their ownership of the stock.

B2Gold Price Performance

Shares of BTO opened at C$5.43 on Friday. The company has a debt-to-equity ratio of 14.16, a current ratio of 1.19 and a quick ratio of 3.33. The company’s fifty day moving average price is C$6.15 and its 200-day moving average price is C$6.55. B2Gold Corp. has a 1-year low of C$4.56 and a 1-year high of C$8.60. The firm has a market capitalization of C$7.24 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of -0.27 and a beta of 1.73.

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

B2Gold Dividend Announcement

The business also recently declared 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 1.5%. The ex-dividend date of this dividend was Wednesday, June 10th. B2Gold’s payout ratio is 21.05%.

Analyst Upgrades and Downgrades

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

B2Gold Company Profile

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.