Insider Selling: B2Gold (TSE:BTO) Insider Sells C$398,763.54 in Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) insider Peter Dominic Montano sold 61,254 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of C$6.51, for a total transaction of C$398,763.54. Following the sale, the insider directly owned 456 shares in the company, valued at C$2,968.56. This represents a 99.26% decrease in their position.

B2Gold Trading Down 0.7%

TSE BTO opened at C$6.04 on Friday. The firm has a 50 day simple moving average of C$6.45 and a 200-day simple moving average of C$6.63. 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 one year low of C$4.56 and a one year high of C$8.60. The firm has a market cap of C$8.05 billion, a price-to-earnings ratio of 15.89, a PEG ratio of -0.27 and a beta of 1.61.

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

B2Gold Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Tuesday, June 23rd will be paid a $0.02 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $0.08 annualized dividend and a dividend yield of 1.3%. B2Gold’s payout ratio is 21.05%.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial increased their price objective on 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 research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, B2Gold has a consensus 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.