Gregory Barnes Acquires 50,000 Shares of B2Gold Corp. (TSE:BTO) Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) Director Gregory Barnes acquired 50,000 shares of B2Gold stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of C$4.07 per share, with a total value of C$203,500.00.

B2Gold Trading Down 6.1 %

BTO stock traded down C$0.25 during mid-day trading on Thursday, hitting C$3.85. 3,138,984 shares of the company were exchanged, compared to its average volume of 3,334,543. The company has a quick ratio of 3.33, a current ratio of 1.83 and a debt-to-equity ratio of 7.51. The firm has a market capitalization of C$3.56 billion, a P/E ratio of -4.43, a PEG ratio of -0.27 and a beta of 1.23. The business has a fifty day simple moving average of C$3.62 and a 200-day simple moving average of C$3.91. B2Gold Corp. has a 12-month low of C$3.16 and a 12-month high of C$4.84.

B2Gold Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Thursday, December 12th were paid a dividend of $0.054 per share. This represents a $0.22 annualized dividend and a yield of 5.61%. The ex-dividend date of this dividend was Monday, December 2nd. B2Gold’s dividend payout ratio (DPR) is presently -25.32%.

Analyst Upgrades and Downgrades

BTO has been the subject of a number of research analyst reports. TD Securities cut shares of B2Gold from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 4th. BMO Capital Markets reduced their price objective on shares of B2Gold from C$8.50 to C$7.00 in a research report on Tuesday, January 14th. Bank of America cut shares of B2Gold from a “buy” rating to an “underperform” rating in a research report on Tuesday, January 14th. Finally, Cormark upgraded shares of B2Gold from a “market perform” rating to a “buy” rating and increased their target price for the company from C$4.50 to C$6.25 in a research report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$5.91.

B2Gold Company Profile

B2Gold Corp. operates as a gold producer company. It operates the Fekola Mine in Mali, the Masbate Mine in the Philippines, and the Otjikoto Mine in Namibia. The company also has an 100% interest in the Gramalote gold project in Colombia; 24% interest in the Calibre Mining Corp.; and approximately 19% interest in BeMetals Corp.