B2Gold Corp. (TSE:BTO) Senior Officer Sells C$108,383.18 in Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) Senior Officer Eduard Bartz sold 27,862 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of C$3.89, for a total value of C$108,383.18. Following the transaction, the insider now directly owns 16 shares of the company’s stock, valued at approximately C$62.24. The trade was a 99.94 % decrease in their ownership of the stock.

B2Gold Stock Down 2.8 %

TSE:BTO traded down C$0.11 during trading hours on Monday, hitting C$3.76. 8,952,963 shares of the stock traded hands, compared to its average volume of 3,537,011. The firm has a market cap of C$3.48 billion, a price-to-earnings ratio of -4.33, a PEG ratio of -0.27 and a beta of 1.23. The firm has a 50 day moving average price of C$3.67 and a 200 day moving average price of C$3.92. The company has a current ratio of 1.83, a quick ratio of 3.33 and a debt-to-equity ratio of 7.51. B2Gold Corp. has a fifty-two week low of C$3.16 and a fifty-two week high of C$4.84.

B2Gold Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 20th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 2.13%. The ex-dividend date is Friday, March 7th. B2Gold’s dividend payout ratio is currently -25.32%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on BTO shares. Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. BMO Capital Markets lowered their price objective on shares of B2Gold from C$8.50 to C$7.00 in a research note on Tuesday, January 14th. TD Securities lowered shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, Cormark upgraded shares of B2Gold from a “market perform” rating to a “buy” rating and raised their target price for the stock from C$4.50 to C$6.25 in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$6.01.

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.