Dennis Stansbury Sells 10,364 Shares of B2Gold (TSE:BTO) Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) insider Dennis Stansbury sold 10,364 shares of the business’s stock in a transaction on Friday, July 3rd. The shares were sold at an average price of C$5.88, for a total value of C$60,940.32. Following the completion of the sale, the insider owned 939,034 shares in the company, valued at approximately C$5,521,519.92. The trade was a 1.09% decrease in their ownership of the stock.

B2Gold Stock Down 3.1%

BTO stock opened at C$5.58 on Wednesday. The company has a debt-to-equity ratio of 14.16, a quick ratio of 3.33 and a current ratio of 1.19. The company has a market capitalization of C$7.43 billion, a price-to-earnings ratio of 14.68, a PEG ratio of -0.27 and a beta of 1.73. B2Gold Corp. has a fifty-two week low of C$4.56 and a fifty-two week high of C$8.60. The stock has a fifty day moving average of C$6.18 and a 200-day moving average of C$6.57.

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

B2Gold Announces Dividend

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

Key Headlines Impacting 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

Analysts Set New Price Targets

Separately, National Bank Financial lifted 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 equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$9.15.

B2Gold Company Profile

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.