Insider Selling: B2Gold (TSE:BTO) Insider Sells C$125,400.00 in Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) insider Randall Chatwin sold 22,000 shares of B2Gold stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of C$5.70, for a total value of C$125,400.00. Following the transaction, the insider directly owned 119,989 shares in the company, valued at approximately C$683,937.30. The trade was a 15.49% decrease in their ownership of the stock.

Randall Chatwin also recently made the following trade(s):

• On Friday, July 3rd, Randall Chatwin sold 14,089 shares of B2Gold stock. The shares were sold at an average price of C$5.88, for a total transaction of C$82,843.32.
• On Friday, May 22nd, Randall Chatwin sold 67,857 shares of B2Gold stock. The shares were sold at an average price of C$6.33, for a total transaction of C$429,534.81.

B2Gold Price Performance

Shares of TSE:BTO traded down C$0.04 during trading hours on Friday, hitting C$5.43. 3,009,574 shares of the company’s stock traded hands, compared to its average volume of 6,466,312. The company’s fifty day simple moving average is C$6.15 and its two-hundred day simple moving average is C$6.55. The company has a market cap of C$7.24 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of -0.27 and a beta of 1.73. The company has a debt-to-equity ratio of 14.16, a quick ratio of 3.33 and a current ratio of 1.19. B2Gold Corp. has a 52 week low of C$4.56 and a 52 week high of C$8.60.

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

B2Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Tuesday, June 23rd were issued a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $0.08 annualized dividend and a dividend yield of 1.5%. B2Gold’s dividend payout ratio is currently 21.05%.

Wall Street Analysts Forecast Growth

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