B2Gold (TSE:BTO) Insider Sells C$2,266,143.36 in Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) insider William Lytle sold 272,373 shares of B2Gold stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of C$8.32, for a total transaction of C$2,266,143.36. Following the sale, the insider owned 38,975 shares in the company, valued at C$324,272. This represents a 87.48% decrease in their position.

William Lytle also recently made the following trade(s):

• On Thursday, February 26th, William Lytle sold 142,857 shares of B2Gold stock. The shares were sold at an average price of C$8.29, for a total value of C$1,184,284.53.
• On Thursday, February 26th, William Lytle sold 147,929 shares of B2Gold stock. The stock was sold at an average price of C$8.29, for a total value of C$1,226,331.41.

B2Gold Stock Down 1.1%

TSE:BTO traded down C$0.09 during mid-day trading on Friday, reaching C$8.38. The stock had a trading volume of 7,300,171 shares, compared to its average volume of 8,814,743. 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 has a market capitalization of C$11.20 billion, a price-to-earnings ratio of 55.87, a price-to-earnings-growth ratio of -0.27 and a beta of 1.02. B2Gold Corp. has a 1-year low of C$3.62 and a 1-year high of C$8.59. The stock’s 50 day simple moving average is C$6.94 and its two-hundred day simple moving average is C$6.50.

B2Gold (TSE:BTO) (NYSE:BTG) last released its quarterly earnings data on Wednesday, February 18th. The company reported C$0.15 earnings per share (EPS) for the quarter. B2Gold had a negative return on equity of 20.27% and a negative net margin of 38.20%.The business had revenue of C$1.41 billion during the quarter. Equities analysts anticipate that B2Gold Corp. will post 0.5596659 EPS for the current year.

B2Gold Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Tuesday, December 2nd. B2Gold’s payout ratio is 66.67%.

Analysts Set New Price Targets

BTO has been the topic of several research analyst reports. Stifel Nicolaus decreased their price objective on B2Gold from C$11.50 to C$10.50 in a research report on Tuesday, November 11th. National Bank Financial raised their price target on shares of B2Gold from C$9.25 to C$10.00 and gave the stock an “outperform” rating in a report on Tuesday, December 9th. Finally, Cormark lowered shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$8.31.

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.