B2Gold (TSE:BTO) Insider Dennis Stansbury Sells 10,364 Shares of Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) insider Dennis Stansbury sold 10,364 shares of B2Gold stock in a transaction that occurred on Friday, July 3rd. The shares were sold at an average price of C$5.88, for a total value of C$60,940.32. Following the completion of the sale, the insider directly owned 939,034 shares in the company, valued at C$5,521,519.92. This represents a 1.09% decrease in their position.

B2Gold Stock Performance

TSE:BTO opened at C$5.76 on Tuesday. B2Gold Corp. has a 1 year low of C$4.56 and a 1 year 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 stock has a fifty day moving average price of C$6.21 and a two-hundred day moving average price of C$6.58. The stock 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 issued 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 company had revenue of C$1.61 billion for the quarter. As a group, sell-side analysts anticipate that B2Gold Corp. will post 0.5596659 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

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

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

Analysts Set New Price Targets

Separately, National Bank Financial increased their target price on shares of B2Gold from C$10.00 to C$10.70 and gave the company 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. According to MarketBeat.com, B2Gold currently has a consensus rating of “Moderate Buy” and a consensus 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.