B2Gold (TSE:BTO) Insider Sells C$429,534.81 in Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) insider Randall Chatwin sold 67,857 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of C$6.33, for a total transaction of C$429,534.81. Following the completion of the transaction, the insider owned 130,043 shares in the company, valued at C$823,172.19. This trade represents a 34.29% decrease in their position.

B2Gold Stock Down 3.5%

Shares of TSE BTO opened at C$6.28 on Thursday. The company has a market capitalization of C$8.37 billion, a P/E ratio of 16.53, a price-to-earnings-growth ratio of -0.27 and a beta of 1.59. B2Gold Corp. has a 52-week low of C$4.56 and a 52-week 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 company’s 50 day moving average price is C$6.46 and its 200-day moving average price is C$6.60.

B2Gold (TSE:BTO) (NYSE:BTG) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$0.26 earnings per share (EPS) 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 analysts forecast that B2Gold Corp. will post 0.5596659 earnings per share for the current year.

B2Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, March 19th were given a $0.02 dividend. The ex-dividend date was Friday, March 6th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.3%. B2Gold’s payout ratio is 21.05%.

Analyst Upgrades and Downgrades

Separately, National Bank Financial boosted their target price on shares of B2Gold from C$10.00 to C$10.70 and gave the company an “outperform” rating in a research report 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’s stock. According to data from MarketBeat.com, B2Gold presently has an average 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.