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 the stock in a transaction that occurred on Friday, July 3rd. The stock was sold at an average price of C$5.88, for a total transaction of C$60,940.32. Following the completion of the sale, the insider owned 939,034 shares of the company’s stock, valued at approximately C$5,521,519.92. The trade was a 1.09% decrease in their position.

B2Gold Stock Down 3.5%

Shares of TSE:BTO traded down C$0.21 during trading on Monday, reaching C$5.74. 2,300,238 shares of the company traded hands, compared to its average volume of 6,545,712. The firm has a fifty day simple moving average of C$6.23 and a 200 day simple moving average of C$6.58. 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 Corp. has a 1-year low of C$4.56 and a 1-year high of C$8.60. The firm has a market cap of C$7.65 billion, a P/E ratio of 15.11, a price-to-earnings-growth ratio of -0.27 and a beta of 1.73.

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

B2Gold Announces Dividend

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

Wall Street Analyst Weigh In

Separately, National Bank Financial raised their price objective 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 given 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.

About B2Gold

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.