B2Gold Corp. (TSE:BTO) Director Robert Melvin Douglas Cross Sells 85,000 Shares
B2Gold Corp. (TSE:BTO) (NYSE:BTG) Director Robert Melvin Douglas Cross sold 85,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of C$4.85, for a total transaction of C$412,250.00.
Shares of BTO opened at C$4.73 on Friday. The company has a market capitalization of $4.79 billion and a P/E ratio of 430.00. The company has a quick ratio of 0.62, a current ratio of 2.17 and a debt-to-equity ratio of 25.39. The firm has a 50 day moving average of C$4.32 and a 200 day moving average of C$3.93. B2Gold Corp. has a twelve month low of C$2.78 and a twelve month high of C$5.36.
BTO has been the subject of a number of analyst reports. Canaccord Genuity raised their target price on shares of B2Gold from C$6.25 to C$6.50 in a research note on Friday, July 19th. Pi Financial raised their target price on shares of B2Gold from C$5.10 to C$5.50 in a research note on Wednesday, July 24th. Bank of America raised their price target on shares of B2Gold from C$5.10 to C$5.50 in a research report on Friday. Eight Capital raised their price target on shares of B2Gold from C$5.15 to C$6.50 in a research report on Thursday, August 8th. Finally, National Bank Financial raised their price target on shares of B2Gold from C$6.75 to C$7.00 and gave the company an “outperform” rating in a research report on Friday, June 28th. Six analysts have rated the stock with a buy rating, B2Gold presently has an average rating of “Buy” and a consensus price target of C$5.80.
B2Gold Corp., together with its subsidiaries, engages in the exploration and development of mineral properties for gold deposits in Nicaragua, the Philippines, Mali, Colombia, Burkina Faso, and Namibia. The company primarily holds 80% interest in the Fekola mine, an open pit gold mine located in Mali; 90% interest in the Otjikoto gold mine located north of Windhoek, Namibia; the Masbate gold project located in the south-east of Manila, the Philippines; and 100% interest in the El Limon mine, an underground gold mine located in northwestern Nicaragua.
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