B2Gold (TSE:BTO) Insider William Lytle Sells 14,089 Shares

B2Gold Corp. (TSE:BTO) (NYSE:BTG) insider William Lytle sold 14,089 shares of the firm’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 insider owned 218,475 shares of the company’s stock, valued at C$1,284,633. This represents a 6.06% decrease in their ownership of the stock.

B2Gold Stock Performance

BTO traded down C$0.21 during trading hours on Monday, hitting C$5.74. 2,300,238 shares of the stock were exchanged, compared to its average volume of 6,545,712. 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 stock 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 12 month low of C$4.56 and a 12 month high of C$8.60. The stock has a market cap of C$7.65 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of -0.27 and a beta of 1.73.

B2Gold (TSE:BTO) (NYSE:BTG) last issued 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 business had revenue of C$1.61 billion during the quarter. Analysts anticipate that B2Gold Corp. will post 0.5596659 earnings per share for the current year.

B2Gold Announces Dividend

The business also recently announced 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 was Wednesday, June 10th. B2Gold’s dividend payout ratio is currently 21.05%.

Analyst Upgrades and Downgrades

Separately, National Bank Financial increased their price objective on shares of B2Gold from C$10.00 to C$10.70 and gave the company an “outperform” rating in a report on Tuesday, May 12th. One 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 company has a consensus 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.