Insider Selling: B2Gold (TSE:BTO) Insider Sells C$1,071,427.50 in Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) insider John Alex Rajala sold 142,857 shares of B2Gold stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of C$7.50, for a total transaction of C$1,071,427.50. Following the completion of the transaction, the insider directly owned 238,342 shares of the company’s stock, valued at approximately C$1,787,565. This trade represents a 37.48% decrease in their position.

B2Gold Price Performance

B2Gold stock opened at C$7.12 on Monday. The company has a debt-to-equity ratio of 7.51, a current ratio of 1.83 and a quick ratio of 3.33. The company’s 50-day moving average is C$6.00 and its 200-day moving average is C$5.08. The firm has a market capitalization of C$9.42 billion, a PE ratio of -20.34, a P/E/G ratio of -0.27 and a beta of 0.82. B2Gold Corp. has a fifty-two week low of C$3.16 and a fifty-two week high of C$7.52.

B2Gold Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 23rd were paid a $0.02 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $0.08 annualized dividend and a yield of 1.1%. B2Gold’s dividend payout ratio is currently -34.29%.

Analysts Set New Price Targets

Separately, Raymond James Financial upgraded B2Gold to a “moderate buy” rating in a research note on Monday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, B2Gold currently has an average rating of “Hold” and an average price target of C$6.75.

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.