Insider Selling: B2Gold (TSE:BTO) Insider Sells 2,528 Shares of Stock

B2Gold Corp. (TSE:BTO) (NYSE:BTG) insider Peter Dominic Montano sold 2,528 shares of the stock in a transaction dated Friday, July 3rd. The stock was sold at an average price of C$5.88, for a total transaction of C$14,864.64. Following the sale, the insider directly owned 6,629 shares in the company, valued at approximately C$38,978.52. This represents a 27.61% decrease in their position.

Peter Dominic Montano also recently made the following trade(s):

• On Thursday, July 2nd, Peter Dominic Montano sold 61 shares of B2Gold stock. The stock was sold at an average price of C$5.73, for a total transaction of C$349.53.
• On Wednesday, June 17th, Peter Dominic Montano sold 61,254 shares of B2Gold stock. The stock was sold at an average price of C$6.51, for a total transaction of C$398,763.54.

B2Gold Price Performance

Shares of BTO traded down C$0.21 during mid-day trading on Monday, hitting C$5.74. 2,300,238 shares of the company traded hands, compared to its average volume of 6,545,712. The company has a current ratio of 1.19, a quick ratio of 3.33 and a debt-to-equity ratio of 14.16. The stock has a market capitalization of C$7.65 billion, a price-to-earnings ratio of 15.11, a PEG ratio of -0.27 and a beta of 1.73. The business has a 50-day moving average of C$6.23 and a 200 day moving average of C$6.58. B2Gold Corp. has a one year low of C$4.56 and a one 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. The firm had revenue of C$1.61 billion for the quarter. B2Gold had a return on equity of 15.70% and a net margin of 14.78%. As a group, equities analysts expect that B2Gold Corp. will post 0.5596659 earnings per share for the current fiscal year.

B2Gold Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Tuesday, June 23rd were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, June 10th. B2Gold’s dividend payout ratio is 21.05%.

Analyst Ratings Changes

Separately, National Bank Financial boosted their price objective on B2Gold from C$10.00 to C$10.70 and gave the stock an “outperform” rating in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, B2Gold currently has an average 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.