Insider Selling: B2Gold Corp. (TSE:BTO) Senior Officer Sells C$250,982.04 in Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) Senior Officer Michael Stephen Mcdonald sold 56,274 shares of B2Gold stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of C$4.46, for a total value of C$250,982.04.

B2Gold Trading Down 2.7 %

B2Gold stock opened at C$4.33 on Friday. B2Gold Corp. has a 1 year low of C$3.18 and a 1 year high of C$4.74. The firm’s 50 day moving average price is C$3.97 and its two-hundred day moving average price is C$3.78. The firm has a market cap of C$5.67 billion, a price-to-earnings ratio of -27.06, a price-to-earnings-growth ratio of -0.27 and a beta of 1.21. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.33 and a current ratio of 2.93.

B2Gold (TSE:BTO) (NYSE:BTG) last announced its earnings results on Thursday, August 8th. The company reported C$0.08 EPS for the quarter, missing the consensus estimate of C$0.10 by C($0.02). B2Gold had a negative net margin of 7.23% and a negative return on equity of 3.47%. The company had revenue of C$673.95 million for the quarter. On average, research analysts predict that B2Gold Corp. will post 0.5559748 EPS for the current fiscal year.

B2Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 23rd were issued a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 5.08%. The ex-dividend date of this dividend was Tuesday, September 10th. B2Gold’s payout ratio is -137.50%.

Analyst Ratings Changes

BTO has been the topic of several recent analyst reports. Scotiabank downgraded B2Gold from an “outperform” rating to a “sector perform” rating in a research note on Friday, August 9th. CIBC set a C$3.30 price objective on shares of B2Gold and gave the stock an “outperform” rating in a report on Wednesday, August 14th. Canaccord Genuity Group lowered their target price on shares of B2Gold from C$7.50 to C$7.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Cibc World Mkts lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Finally, BMO Capital Markets lowered their price objective on shares of B2Gold from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a research note on Monday, September 16th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, B2Gold has a consensus rating of “Moderate Buy” and a consensus target price of C$5.92.

B2Gold Company Profile

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.