Insider Selling: B2Gold (TSE:BTO) Insider Sells 61,254 Shares

B2Gold Corp. (TSE:BTO) (NYSE:BTG) insider Peter Dominic Montano sold 61,254 shares of B2Gold stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of C$6.51, for a total value of C$398,763.54. Following the completion of the sale, the insider owned 456 shares in the company, valued at approximately C$2,968.56. This trade represents a 99.26% decrease in their ownership of the stock.

B2Gold Price Performance

BTO stock traded down C$0.12 on Thursday, reaching C$6.12. 3,246,002 shares of the company’s stock were exchanged, compared to its average volume of 6,652,334. The stock has a fifty day moving average of C$6.48 and a 200-day moving average of C$6.64. The firm has a market cap of C$8.15 billion, a PE ratio of 16.11, a P/E/G ratio of -0.27 and a beta of 1.61. The company has a quick ratio of 3.33, a current ratio of 1.19 and a debt-to-equity ratio of 14.16. B2Gold Corp. has a twelve month low of C$4.56 and a twelve month high of C$8.60.

B2Gold (TSE:BTO) (NYSE:BTG) last released its earnings results on Wednesday, May 6th. The company reported C$0.26 EPS for the quarter. The company had revenue of C$1.61 billion during the quarter. B2Gold had a return on equity of 15.70% and a net margin of 14.78%. As a group, equities analysts predict that B2Gold Corp. will post 0.5596659 EPS for the current fiscal year.

B2Gold Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Tuesday, June 23rd will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, June 10th. B2Gold’s dividend payout ratio (DPR) is currently 21.05%.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial raised their price objective on shares of B2Gold from C$10.00 to C$10.70 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$9.15.

About B2Gold

B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other significant assets include the Gramalote and Kiaka gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. There is no dependence on a particular purchaser because the gold is sold into a global market.