B2Gold (TSE:BTO) Insider John Alex Rajala Sells 4,129 Shares

B2Gold Corp. (TSE:BTO) (NYSE:BTG) insider John Alex Rajala sold 4,129 shares of the business’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$24,278.52. Following the completion of the sale, the insider owned 317,276 shares in the company, valued at C$1,865,582.88. This represents a 1.28% decrease in their position.

John Alex Rajala also recently made the following trade(s):

• On Thursday, July 2nd, John Alex Rajala sold 152 shares of B2Gold stock. The shares were sold at an average price of C$5.73, for a total value of C$870.96.

B2Gold Stock Down 1.0%

Shares of TSE BTO traded down C$0.06 during midday trading on Tuesday, hitting C$5.70. The company’s stock had a trading volume of 295,384 shares, compared to its average volume of 6,504,225. 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 Corp. has a 1 year low of C$4.56 and a 1 year high of C$8.60. The firm has a market capitalization of C$7.59 billion, a price-to-earnings ratio of 15.00, a price-to-earnings-growth ratio of -0.27 and a beta of 1.73. The business’s fifty day simple moving average is C$6.21 and its two-hundred day simple moving average is C$6.58.

B2Gold (TSE:BTO) (NYSE:BTG) last released its earnings results on Wednesday, May 6th. The company reported C$0.26 EPS for the quarter. B2Gold had a return on equity of 15.70% and a net margin of 14.78%.The firm had revenue of C$1.61 billion during the quarter. On average, equities analysts predict that B2Gold Corp. will post 0.5596659 EPS for the current year.

B2Gold Announces Dividend

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

Key B2Gold News

Here are the key news stories impacting B2Gold this week:

• Neutral Sentiment: Several B2Gold insiders, including directors and executives, sold shares over July 2-3 at prices between C$5.73 and C$5.88. The sales were relatively small individually, but the number of transactions may signal some profit-taking or reduced near-term insider conviction. B2Gold’s new CEO gets his Goose test
• Neutral Sentiment: The Northern Miner article on B2Gold’s new CEO and the “Goose test” points to investor focus on execution at a major project, which could be a near-term catalyst if operations and guidance improve. B2Gold’s new CEO gets his Goose test
• Negative Sentiment: The heavier wave of insider selling, including larger dispositions by Randall Chatwin, William Lytle, and others, may be weighing on sentiment because investors often view clustered insider sales as a cautious signal, even if the shares sold are modest relative to total holdings. B2Gold’s new CEO gets his Goose test

Analysts Set New Price Targets

Separately, National Bank Financial raised their price objective on shares of B2Gold from C$10.00 to C$10.70 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, B2Gold currently has a consensus rating of “Moderate Buy” and an average target price 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.