Michael Andrew Cinnamond Sells 14,089 Shares of B2Gold (TSE:BTO) Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) Director Michael Andrew Cinnamond sold 14,089 shares of the firm’s stock in a transaction on Friday, July 3rd. The shares were sold at an average price of C$5.88, for a total value of C$82,843.32. Following the sale, the director directly owned 315,371 shares of the company’s stock, valued at approximately C$1,854,381.48. This represents a 4.28% decrease in their ownership of the stock.

B2Gold Stock Performance

BTO traded down C$0.21 during trading on Monday, hitting C$5.74. 2,300,238 shares of the company traded hands, compared to its average volume of 6,545,712. B2Gold Corp. has a one year low of C$4.56 and a one year high of C$8.60. The stock’s fifty day moving average is C$6.23 and its 200 day moving average is 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. 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 announced its quarterly earnings data on Wednesday, May 6th. The company reported C$0.26 EPS for the quarter. The business 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%. As a group, equities analysts predict that B2Gold Corp. will post 0.5596659 EPS 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 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, June 10th. B2Gold’s dividend payout ratio (DPR) is currently 21.05%.

Analyst Upgrades and Downgrades

Separately, National Bank Financial upped their price target on 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 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 company currently has an average rating of “Moderate Buy” and a consensus target price 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.