B2Gold (TSE:BTO) Insider Peter Dominic Montano Sells 61,254 Shares of Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) insider Peter Dominic Montano sold 61,254 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of C$6.51, for a total value of C$398,763.54. Following the sale, the insider owned 456 shares of the company’s stock, valued at approximately C$2,968.56. The trade was a 99.26% decrease in their ownership of the stock.

B2Gold Stock Performance

B2Gold stock opened at C$6.08 on Friday. The stock’s 50-day moving average is C$6.47 and its 200-day moving average is C$6.63. The company has a market cap of C$8.10 billion, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of -0.27 and a beta of 1.61. B2Gold Corp. has a 12 month low of C$4.56 and a 12 month high of C$8.60. The company has a debt-to-equity ratio of 14.16, a current ratio of 1.19 and a quick ratio of 3.33.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its quarterly 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 firm had revenue of C$1.61 billion for the quarter. Equities analysts anticipate that B2Gold Corp. will post 0.5596659 earnings per share for the current year.

B2Gold Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Tuesday, June 23rd will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, June 10th. B2Gold’s dividend payout ratio (DPR) is presently 21.05%.

Analysts Set New Price Targets

Separately, National Bank Financial boosted their price target on B2Gold from C$10.00 to C$10.70 and gave the stock an “outperform” rating in a research note 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 data from MarketBeat.com, the stock currently 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.