B2Gold (TSE:BTO) Director Michael Andrew Cinnamond Sells 14,089 Shares

B2Gold Corp. (TSE:BTO) (NYSE:BTG) Director Michael Andrew Cinnamond sold 14,089 shares of B2Gold stock in a transaction on 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 completion of the transaction, the director owned 315,371 shares of the company’s stock, valued at approximately C$1,854,381.48. This trade represents a 4.28% decrease in their ownership of the stock.

B2Gold Stock Down 3.2%

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

B2Gold (TSE:BTO) (NYSE:BTG) last posted its earnings results on Wednesday, May 6th. The company reported C$0.26 earnings per share for the quarter. The business 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%. On average, equities analysts predict that B2Gold Corp. will post 0.5596659 EPS for the current fiscal year.

B2Gold Announces Dividend

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

B2Gold News Roundup

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

Wall Street Analyst Weigh In

Separately, National Bank Financial upped their price objective on B2Gold from C$10.00 to C$10.70 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus 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.