Insider Selling: B2Gold Corp. (TSE:BTO) Director Sells 120,000 Shares of Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) Director Jerry Korpan sold 120,000 shares of the stock in a transaction on Monday, April 14th. The shares were sold at an average price of C$4.63, for a total value of C$555,600.00.

B2Gold Stock Performance

Shares of BTO opened at C$4.65 on Thursday. B2Gold Corp. has a 52 week low of C$3.16 and a 52 week high of C$4.88. The company has a debt-to-equity ratio of 7.51, a quick ratio of 3.33 and a current ratio of 1.83. The company has a market capitalization of C$4.30 billion, a PE ratio of -5.35, a PEG ratio of -0.27 and a beta of 1.23. The company’s 50 day moving average price is C$4.09 and its 200 day moving average price is C$3.98.

B2Gold Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 20th were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.08 annualized dividend and a dividend yield of 1.72%. B2Gold’s dividend payout ratio is -25.32%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BTO. Scotiabank raised B2Gold from a “hold” rating to a “strong-buy” rating in a research note on Monday. BMO Capital Markets dropped their target price on shares of B2Gold from C$7.00 to C$6.50 in a report on Monday, March 31st. Cormark lowered shares of B2Gold from a “moderate buy” rating to a “hold” rating in a research report on Monday, March 31st. TD Securities lowered B2Gold from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, Bank of America cut B2Gold from a “buy” rating to an “underperform” rating in a research note on Tuesday, January 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, B2Gold currently has an average rating of “Moderate Buy” and a consensus target price of C$5.94.

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.