Insider Selling: B2Gold Corp. (TSE:BTO) Senior Officer Sells 4,211 Shares of Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) Senior Officer Peter Dominic Montano sold 4,211 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of C$3.90, for a total value of C$16,422.90.

B2Gold Stock Up 0.5 %

Shares of BTO stock opened at C$3.99 on Friday. The firm’s fifty day moving average price is C$4.32 and its two-hundred day moving average price is C$3.96. B2Gold Corp. has a 1 year low of C$3.18 and a 1 year high of C$4.84. The company has a current ratio of 2.93, a quick ratio of 3.33 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of C$5.23 billion, a P/E ratio of -23.47, a PEG ratio of -0.27 and a beta of 1.23.

B2Gold Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Monday, December 2nd will be issued a dividend of $0.054 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.22 annualized dividend and a yield of 5.41%. B2Gold’s payout ratio is presently -129.41%.

Wall Street Analyst Weigh In

BTO has been the subject of several research analyst reports. Scotiabank lowered B2Gold from an “outperform” rating to a “sector perform” rating in a research report on Friday, August 9th. Canaccord Genuity Group reduced their price target on shares of B2Gold from C$7.50 to C$7.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. 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. Cormark boosted their price objective on shares of B2Gold from C$4.25 to C$5.25 in a research report on Monday, September 23rd. Finally, BMO Capital Markets lowered their target price on B2Gold from C$6.50 to C$6.00 and set an “outperform” rating for the company in a report on Monday, September 16th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, B2Gold currently has an average rating of “Moderate Buy” and a consensus target price of C$5.66.

About B2Gold

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.