B2Gold Corp. (TSE:BTO) (NYSE:BTG) Director Clive Thomas Johnson sold 91,252 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of C$4.85, for a total transaction of C$442,572.20. Following the transaction, the director now owns 4,871,795 shares in the company, valued at C$23,628,205.75.
Shares of TSE BTO opened at C$4.93 on Friday. The company’s 50 day simple moving average is C$4.30 and its 200 day simple moving average is C$3.93. B2Gold Corp. has a fifty-two week low of C$2.77 and a fifty-two week high of C$5.36. The firm has a market capitalization of $4.90 billion and a P/E ratio of 448.18. The company has a debt-to-equity ratio of 25.39, a current ratio of 2.17 and a quick ratio of 0.62.
Several equities analysts recently weighed in on BTO shares. Canaccord Genuity increased their price objective on shares of B2Gold from C$6.25 to C$6.50 in a report on Friday, July 19th. Raymond James restated an “outperform” rating and issued a C$4.50 price objective on shares of B2Gold in a report on Wednesday, July 3rd. National Bank Financial increased their price objective on shares of B2Gold from C$6.75 to C$7.00 and gave the company an “outperform” rating in a report on Friday, June 28th. BMO Capital Markets increased their price objective on shares of B2Gold from C$5.50 to C$6.00 in a report on Thursday, August 8th. Finally, Royal Bank of Canada increased their price objective on shares of B2Gold from C$4.25 to C$4.75 in a report on Wednesday, June 26th. Six equities research analysts have rated the stock with a buy rating, B2Gold presently has a consensus rating of “Buy” and a consensus price target of C$5.83.
B2Gold Corp., together with its subsidiaries, engages in the exploration and development of mineral properties for gold deposits in Nicaragua, the Philippines, Mali, Colombia, Burkina Faso, and Namibia. The company primarily holds 80% interest in the Fekola mine, an open pit gold mine located in Mali; 90% interest in the Otjikoto gold mine located north of Windhoek, Namibia; the Masbate gold project located in the south-east of Manila, the Philippines; and 100% interest in the El Limon mine, an underground gold mine located in northwestern Nicaragua.
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