Daniel Bruce Moore Sells 3,458 Shares of B2Gold (TSE:BTO) Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) insider Daniel Bruce Moore sold 3,458 shares of the stock in a transaction that occurred on Friday, July 3rd. The shares were sold at an average price of C$5.88, for a total transaction of C$20,333.04. Following the sale, the insider directly owned 134,140 shares of the company’s stock, valued at approximately C$788,743.20. This trade represents a 2.51% decrease in their ownership of the stock.

B2Gold Stock Down 3.1%

BTO opened at C$5.58 on Wednesday. The company has a market capitalization of C$7.43 billion, a PE ratio of 14.68, a price-to-earnings-growth ratio of -0.27 and a beta of 1.73. The firm has a 50-day simple moving average of C$6.18 and a two-hundred day simple moving average of C$6.57. 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 52 week low of C$4.56 and a 52 week high of C$8.60.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its earnings results on Wednesday, May 6th. The company reported C$0.26 earnings per share for the quarter. B2Gold had a net margin of 14.78% and a return on equity of 15.70%. The firm had revenue of C$1.61 billion during the quarter. Analysts forecast that B2Gold Corp. will post 0.5596659 earnings per share for the current fiscal year.

B2Gold Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Tuesday, June 23rd were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, June 10th. B2Gold’s dividend payout ratio is 21.05%.

Trending Headlines about B2Gold

Here are the key news stories impacting B2Gold this week:

• Negative Sentiment: Multiple insiders, including directors and executives, sold shares over July 2-3, with several larger transactions at C$5.73-C$5.88. Notable sales included Randall Chatwin, William Lytle, Michael Andrew Cinnamond, Dennis Stansbury, and Peter Dominic Montano. While these sales were not necessarily large relative to each insider’s holdings, the concentration of selling can weigh on investor sentiment. B2Gold (TSE:BTO) Insider Dennis Stansbury Sells 10,364 Shares of Stock
• Neutral Sentiment: A Northern Miner article highlights attention on B2Gold’s new CEO and the company’s Goose project, suggesting investors are also watching execution and project progress as a possible medium-term catalyst. B2Gold’s new CEO gets his Goose test
• Neutral Sentiment: Recent operational and valuation context remains broadly steady: B2Gold recently reported C$0.26 quarterly EPS on C$1.61 billion in revenue, and analysts still carry a moderate buy view with upside to the current price target. B2Gold stock page

Analyst Ratings Changes

Separately, National Bank Financial increased their target price on B2Gold from C$10.00 to C$10.70 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to 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.