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

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

B2Gold Stock Performance

TSE BTO traded down C$0.12 during trading hours on Thursday, hitting C$6.12. The company had a trading volume of 3,246,002 shares, compared to its average volume of 6,652,334. The company has a debt-to-equity ratio of 14.16, a quick ratio of 3.33 and a current ratio of 1.19. B2Gold Corp. has a 1-year low of C$4.56 and a 1-year high of C$8.60. The company has a market cap of C$8.15 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of -0.27 and a beta of 1.61. The business has a 50 day moving average of C$6.48 and a 200-day moving average of C$6.64.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its earnings results 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 return on equity of 15.70% and a net margin of 14.78%. As a group, equities research analysts expect that B2Gold Corp. will post 0.5596659 EPS for the current year.

B2Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Tuesday, June 23rd will be issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, June 10th. B2Gold’s dividend payout ratio is presently 21.05%.

Wall Street Analyst Weigh In

Separately, National Bank Financial upped their price target 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat, B2Gold currently has a consensus rating of “Moderate Buy” and a consensus 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.