Michael Andrew Cinnamond Sells 14,089 Shares of B2Gold (TSE:BTO) Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) Director Michael Andrew Cinnamond sold 14,089 shares of the company’s stock in a transaction dated Friday, July 3rd. The shares were sold at an average price of C$5.88, for a total value of C$82,843.32. Following the sale, the director owned 315,371 shares in the company, valued at approximately C$1,854,381.48. This represents a 4.28% decrease in their ownership of the stock.

B2Gold Price Performance

Shares of TSE:BTO traded down C$0.21 on Monday, hitting C$5.74. The company’s stock had a trading volume of 2,300,238 shares, compared to its average volume of 6,545,712. The company has a market capitalization of C$7.65 billion, a PE ratio of 15.11, a PEG ratio of -0.27 and a beta of 1.73. The company has a debt-to-equity ratio of 14.16, a current ratio of 1.19 and a quick ratio of 3.33. The company has a 50-day simple moving average of C$6.23 and a 200 day simple moving average of C$6.58. B2Gold Corp. has a 1 year low of C$4.56 and a 1 year high of C$8.60.

B2Gold (TSE:BTO) (NYSE:BTG) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$0.26 earnings per share (EPS) for the quarter. B2Gold had a return on equity of 15.70% and a net margin of 14.78%.The firm had revenue of C$1.61 billion during the quarter. Sell-side analysts forecast 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 was paid on Tuesday, June 23rd. Investors of record on Tuesday, June 23rd were issued a $0.02 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $0.08 annualized dividend and a yield of 1.4%. B2Gold’s payout ratio is 21.05%.

Wall Street Analyst Weigh In

Separately, National Bank Financial upped their price target 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 equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, B2Gold currently has a consensus rating of “Moderate Buy” and a consensus target price 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.