William Lytle Sells 817,121 Shares of B2Gold (TSE:BTO) Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) insider William Lytle sold 817,121 shares of the firm’s stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of C$7.33, for a total transaction of C$5,989,496.93. Following the sale, the insider directly owned 38,975 shares in the company, valued at approximately C$285,686.75. The trade was a 95.45% decrease in their position.

B2Gold Stock Performance

Shares of TSE BTO opened at C$7.12 on Friday. The firm’s 50-day moving average price is C$6.00 and its 200-day moving average price is C$5.08. 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 company has a market cap of C$9.42 billion, a PE ratio of -20.34, a PEG ratio of -0.27 and a beta of 0.82. B2Gold Corp. has a 52-week low of C$3.16 and a 52-week high of C$7.52.

B2Gold Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 23rd. Shareholders of record on Tuesday, September 23rd were issued a $0.02 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $0.08 dividend on an annualized basis and a yield of 1.1%. B2Gold’s dividend payout ratio is currently -34.29%.

Analyst Ratings Changes

Separately, Raymond James Financial upgraded B2Gold to a “moderate buy” rating in a research note on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$6.75.

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.