Insider Selling: B2Gold Corp. (TSE:BTO) Director Sells C$333,009.60 in Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) Director Clive Thomas Johnson sold 86,496 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of C$3.85, for a total value of C$333,009.60.

B2Gold Price Performance

Shares of BTO opened at C$4.26 on Monday. The firm has a market capitalization of C$3.94 billion, a price-to-earnings ratio of -4.90, a price-to-earnings-growth ratio of -0.27 and a beta of 1.23. The company has a debt-to-equity ratio of 7.51, a quick ratio of 3.33 and a current ratio of 1.83. B2Gold Corp. has a one year low of C$3.16 and a one year high of C$4.84. The stock’s fifty day moving average is C$3.71 and its 200-day moving average is C$3.94.

B2Gold Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 20th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Friday, March 7th. B2Gold’s payout ratio is currently -25.32%.

Analyst Upgrades and Downgrades

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

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.